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Tesco disappears from Southeast Asia as CP renames outlets

Thai group rebrands domestic and Malaysia stores after record-breaking 2020 deal

A Tesco Lotus sign in Bangkok: Thai conglomerate Charoen Pokphand announced that it is changing the name of its Tesco stores in Thailand and Malaysia to Lotus's. (Photo by Akira Kodaka)

BANGKOK -- Thai conglomerate Charoen Pokphand Group announced on Tuesday it is changing the name of its Tesco stores in Thailand and Malaysia to Lotus's.

CP took over the stores from British retailer Tesco last year. With the change, the Tesco brand, which expanded into Southeast Asia in the 1990s, will disappear from the region.

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