Tesco Case Study

1330 Words6 Pages
History of Tesco Tesco is a top multinational corporation company. It is also global grocery and general merchandise retailer headquartered in Cheshunt, United Kingdom. It is the third-largest retailer in the world measured by revenues and the second-largest measured by profits Tesco House, head office in Cheshunt, Hertfordshire. It has stores in 14 countries across Asia, Europe and North America and is the grocery market leader in the UK, where it has a market share of around 30% including in Malaysia, the Republic of Ireland and Thailand. Tesco was founded in 1919 by Jack Cohen from a market stall in London’s East End. Over the years their business has grown and now operate in 14 countries around the world with 7,817 stores including franchises. Tesco employed over 530,000 people and serve tens of millions of customers every week. They always been committed to providing the best shopping experience with lowest price. Their motive is continue to focus on doing the right thing for their customers, colleagues and the communities they serve. [1] Tesco Malaysia Tesco Stores (Malaysia) Sdn. Bhd. was incorporated on 29 November 2001, as a strategic cooperation between Tesco Plc UK and local conglomerate, Sime Darby Berhad of which the latter holds 30% of the total shares. Tesco opened its first store in Malaysia in May 2002 with the opening of its first hypermarket in Puchong, Selangor. Tesco Malaysia currently operates 49 Tesco and Tesco Extra stores nationwide. Since the

More about Tesco Case Study

Open Document