Malaysian shoppers, your favourite chain of supermarkets, Tesco has changed its name to Lotus's Stores Malaysia.
The hypermarket chain disclosed this yesterday on its official Facebook page.
Tesco Stores (Malaysia) Sdn Bhd, which operates around 60 Tesco and Tesco Extra stores nationwide has officially changed its name to Lotuss Stores Malaysia Sdn Bhd and based on the Facebook page, the company will complete its re-branding exercise by the end of 2021.
Not only name, it seems that the iconic navy blue colour scheme will also change to turquoise green-ish.
Why is Tesco Malaysia changing its name?
Previously known as Tesco Stores (Malaysia) Sdn Bhd, the company sold its businesses in Thailand and Malaysia to Thailand’s CP Group entities.
The Malaysia Trade Competition Commission (MTCC) approved Charoen Pokphand’s (CP) acquisition of Tesco Lotus in Malaysia in November 2020 and The Thai group acquired Tesco Malaysia's business in December 2020 following the asset sale by Tesco, Britain's biggest retailer.