Tesco plc, trading as Tesco, is a British multinational groceries and general merchandise retailer with headquarters in Welwyn Garden City, Hertfordshire, England, United Kingdom. Tesco was founded in 1919 by Jack Cohen as a group of market stalls. The Tesco name first appeared in 1924, after Cohen purchased a shipment of tea from T. Tesco is listed on the London Stock Exchange and is a constituent is forex business halal the FTSE 100 Index.
1 billion as of 22 April 2015, the 28th-largest of any company with a primary listing on the London Stock Exchange. Jack Cohen, the son of Jewish migrants from Poland, founded Tesco in 1919 when he began to sell war-surplus groceries from a stall at Well Street Market, Hackney, in the East End of London. During the 1950s and the 1960s, Tesco grew organically, and also through acquisitions, until it owned more than 800 shops. A branch of Tesco in Crediton. In 1994, the company took over the supermarket chain William Low after fighting off Sainsbury’s for control of the Dundee-based firm, which operated 57 shops. This paved the way for Tesco to expand its presence in Scotland, in which its presence was weaker than in England. Tesco introduced a loyalty card, branded ‘Clubcard’ in 1995, and later an Internet shopping service.
In 1996 the typeface of the logo was changed to the current version with stripe reflections underneath, whilst the corporate font used for shop signage was changed from the familiar “typewriter” font that had been used since the 1970s. The company was the subject of a letter bomb campaign lasting five months from August 2000 to February 2001 as a bomber calling himself “Sally” sent letter bombs to Tesco customers and demanded Clubcards modified to withdraw money from cash machines. The first self-service Tesco shop in St Albans, Hertfordshire. In 2002, Tesco purchased 13 HIT hypermarkets in Poland.
In June 2003, Tesco purchased the C Two-Network in Japan. It also acquired a majority stake in Turkish supermarket chain Kipa. In January 2004, Tesco acquired Adminstore, owner of 45 Cullens, Europa, and Harts convenience shops, in and around London. In Thailand, Tesco Lotus was a joint venture of the Charoen Pokphand Group and Tesco, but facing criticism over the growth of hypermarkets CP Group sold its Tesco Lotus shares in 2003. In 2010, Tesco started funding a small film studio intended to produce Tesco exclusive direct-to-DVD films. The first film was released on 6 September called Paris Connections, based on a popular novel by Jackie Collins.
In September 2013, Tesco announced they would sell the business to Ronald Burkle’s Yucaipa Companies for an undisclosed amount. In September 2013, Tesco launched its first tablet computer, a seven-inch model called Hudl. In 2014, it began to open restaurants within some of its shops. The company set up Tesco Family Dining Ltd in 2014 as part of a new department called ‘new food experience’, including Core Cafes, Giraffe, Decks and Euphorium bakeries. In January 2015, Lewis announced plans to close the company’s head office in Cheshunt and 43 loss-making shops in the near future, and the cancellation of 49 new large supermarket developments. In April 2016, Tesco confirmed the sale of 8. Lazada Group, leaving it with an 8.