Tesco finds new room to expand

UK’s top retailer and the third-largest in the world, Tesco, is in the news not just for being the first international chain seeking to operate multi-brand stores in India after the government eased foreign investment norms last year. But the UK retailer’s proposal in December to pick up 50 per cent stake in Tata group’s Trent Hypermarket in a deal worth $110 million is significant also because of other reasons. For one, it has decided to enter a new territory when its recent policy has been to exit foreign shores. Then, it is venturing into a business where the conditions remain tough. In such scenario, signage players playing around in-shop displays, designs and other related activities will definitely get a new business activity.