This is an interesting article by Tony Jackson for the Financial Times, which relates to a previous SwelledHead post about Tesco entering the US market. He looks at whether UK business really is as bad as it appears at buying and successfully operating businesses in the US, or if the true culprit are the US companies themselves.
He notes that "While there have been some very successful foreign acquisitions of US companies, the US is a harder place to make money than it looks." He sees sense in Tesco building its US business "the slow, persevering way".
Tesco has proven to be very good at adapting to local markets in many countries around the world, and its US plan would appear to be another well thought out way to succeed in the US for the long term.
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