The figures also reveal that Tesco is set to grow its global business by 7.5% a year:
Joanne Denney-Finch, chief executive, IGD, said: “Global retailers that want to achieve the highest growth rates are those that are building a presence in emerging markets. Rapid urbanisation and a growing middle class will create big opportunities in countries like Brazil, China, Russia and India.
“With retailer investment plans heavily focused on these emerging markets, food and drink manufacturers will need to keep pace if they want to be part of the growth. Each market is different and nobody should take their eye off the mature and domestic markets, which still provide the bulk of sales for the international players.”
Source: IGD
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