Tesco PLC, trading on the OTCMKTS as TSCDY, is a British multinational retailer founded in 1919 by Jack Cohen. Headquartered in Welwyn Garden City, England, the company started as a market stall and has grown into one of the world’s leading grocery and general merchandise retailers. Tesco’s core business activities include the operation of food and non-food retail outlets, online grocery delivery, and other complementary services designed to meet the everyday needs of consumers.
In the United Kingdom and the Republic of Ireland, Tesco operates a range of store formats, from large hypermarkets under the Tesco Extra banner to compact neighbourhood Tesco Express outlets. The company also maintains an extensive e-commerce platform, offering home delivery and click-and-collect services. Internationally, Tesco serves customers across Central Europe—particularly in nations such as Poland, the Czech Republic, Hungary and Slovakia—and has a significant presence in Southeast Asia with operations in Thailand and Malaysia.
Beyond its retail estate, Tesco has diversified into financial and telecommunications services. Under the Tesco Bank division, it provides personal current accounts, credit cards, loans, insurance and savings products. Its mobile offering, Tesco Mobile, operates as a mobile virtual network operator (MVNO), delivering pay-monthly and pay-as-you-go plans. The Tesco Clubcard loyalty programme, launched in 1995, remains one of the UK’s most widely used customer rewards schemes, driving repeat business and offering personalised discounts.
Leadership at Tesco has emphasized technological investment, sustainability and community engagement. Ken Murphy took the helm as Chief Executive Officer in October 2020, succeeding Dave Lewis, while John Allan serves as Chairman. Under this executive team, Tesco continues to focus on optimizing supply chains, reducing carbon emissions and expanding its digital capabilities, all while reinforcing its position as a retailer of choice for millions of customers across its core markets.
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