Tesco PLC TSCDY

Company Overview

Tesco PLC is a multinational grocery and general merchandise retailer operating primarily in the food retail, wholesale, and financial services industries. The company’s core business is the sale of food and consumer products through large-format supermarkets, convenience stores, and online channels, with additional revenue generated from wholesale distribution and retail banking services. Tesco serves mass-market consumers, small businesses, and institutional customers, with a strong emphasis on value, private-label products, and data-driven customer engagement.

Founded in 1919 by Jack Cohen, Tesco began as a market stall business in London and expanded rapidly through the mid‑20th century into a national supermarket chain. The company grew internationally in the 1990s and 2000s, followed by a period of retrenchment and restructuring after 2015 to refocus on core markets. Tesco has since strengthened its balance sheet, exited several non-core geographies, and reinforced its position as a leading food retailer, particularly in the UK.