This article is about the British multinational corporation. For other uses, see Tesco (disambiguation).
Tesco plc
Logo used since 1995
Formerly
Tesco Stores (Holdings) Limited (1947–1981)[1]
Tesco Stores (Holdings) Public Limited Company (1981–1983)[2]
Company type
Public
Traded as
LSE: TSCO FTSE 100 Component
ISIN
GB00BLGZ9862
Industry
Retail
Founded
1919; 105 years ago (1919) Hackney, London, England, UK
Founder
Jack Cohen
Headquarters
Tesco House, Shire Park, Kestrel Way, Welwyn Garden City, Hertfordshire, England, UK
Number of locations
4,673 (2021)[3]
Key people
John Allan (Chairman)[4]
Ken Murphy (CEO)[5]
Products
Supermarket
Hypermarket
Superstore
Convenience shop
Brands
One Stop
F&F
Paperchase
Booker
Makro
Premier
Revenue
£65.762 billion (2023)[6]
Operating income
£2.630 billion (2023)[6]
Net income
£0.744 billion (2023)[6]
Total assets
£12,725 billion (2023)[6]
Total equity
£12,230 billion (2023)[6]
Number of employees
330,000 (2024)[7]
Divisions
Tesco Stores Ltd.
Tesco Bank
Tesco Mobile
Tesco Ireland
Tesco Family Dining Ltd.
Dunnhumby
Spenhill
Booker Group
Website
tescoplc.com
Tesco plc (/ˈtɛs.koʊ/) is a British multinational groceries and general merchandise retailer headquartered in Welwyn Garden City, England.[8] The company was founded by Jack Cohen in Hackney, London in 1919. In 2011, it was the third-largest retailer in the world measured by gross revenues[9][10] and the ninth-largest in the world measured by revenues. It has shops in Ireland, the United Kingdom, the Czech Republic, Hungary, and Slovakia. It is the market leader of groceries in the UK (where it has a market share of around 28.4%).[11][12]
Tesco has expanded globally since the early 1990s, with operations in 11 other countries in the world. The company pulled out of the US in 2013, but as of 2018[update] continues to see growth elsewhere. Since the 1960s, Tesco has diversified into areas such as the retailing of books, clothing, electronics, furniture, toys, petrol, software, financial services, telecoms and internet services. In the 1990s, Tesco re-positioned itself from being a downmarket high-volume low-cost retailer, attempting to attract a range of social groups with its low-cost "Tesco Value" range (launched 1993[13]) and premium "Tesco Finest" range.
Tesco is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.
^"Certificate of incorporation". Companies House. 27 November 1947. Retrieved 6 August 2023.
^"Certificate of re-registration from Private to Public Limited Company". Companies House. 14 December 1981. Retrieved 6 August 2023.
^"Five Year Record". Tesco plc. Archived from the original on 25 March 2023. Retrieved 15 February 2023.
^Butler, Sarah (17 February 2015). "Tesco announces John Allan as new chairman". The Guardian. Archived from the original on 2 March 2022. Retrieved 28 August 2015.
^Wood, Zoe; Makortoff, Kalyeena (2 October 2019). "Boots 'lifer' to replace Dave Lewis at helm of Tesco". The Guardian. ISSN 0261-3077. Archived from the original on 30 June 2020. Retrieved 29 June 2020.
^"Contacts". Tesco PLC. Archived from the original on 26 April 2016. Retrieved 20 January 2016.
^Potter, Mark (16 February 2011). "Tesco to outpace growth at global rivals – study". Reuters. Archived from the original on 20 February 2011. Retrieved 25 February 2011.
^"Global Powers of Retailing 2010" (PDF). Deloitte. Archived from the original (PDF) on 9 November 2012. Retrieved 18 August 2010.
^"Our businesses". Tesco PLC. Archived from the original on 28 January 2018. Retrieved 13 April 2018.
^Finch, Julia (2 February 2010). "Tesco opens its first zero carbon store". The Guardian. UK. Archived from the original on 28 September 2013. Retrieved 1 September 2010.
^"Tesco: How one supermarket came to dominate". BBC News. Archived from the original on 26 September 2014. Retrieved 18 October 2014.
Tesco plc (/ˈtɛs.koʊ/) is a British multinational groceries and general merchandise retailer headquartered in Welwyn Garden City, England. The company...
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Tesco has expanded its operations from the United Kingdom to 11 other countries. Tesco pulled out of the United States in 2013, but continues to see growth...
Tesco Ireland Limited is the Irish subsidiary of supermarket group Tesco. Tesco Ireland was formed by Tesco plc's 1997 purchase of the Irish retailing...
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Dobbies expanding their garden centre operations further South into England. Tesco announced its intention to purchase Dobbies Garden Centres for £155.6 million...
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Elvis', 'Elvis Defence League', 'Elvis turns Green', 'Militant Elvis Anti-Tesco Popular Front' (MEAT-PF), the 'Elvis and the Yeti Himalayan Preservation'...
Global Information
£65.762 billion (2023)[6]
£2.630 billion (2023)[6]