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Tesco plc (/ ˈ t ɛ s. k oʊ /) 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.
The company is also part of a major reforestation program, "Plant 9 Million Trees", which completed its nine million trees target in 2013. In line with the rest of Tesco group, Tesco Lotus is pledged to reduce carbon emissions from its business operations and opened the first "Zero Carbon Store" in Asia at Bangpra, Chonburi in November 2011.
Sir John Edward Cohen (born Jacob Kohen; 6 October 1898 – 24 March 1979) was an English businessman who founded the Tesco supermarket chain. His company is the market leader of groceries in the UK, and the third-largest retailer in the world measured by gross revenues in 2011.
Tesco Corporation was an oilfield services company that provided top drive rental services on a day-rate basis for land and oil platforms as well as casing running. It was headquartered in Spring Branch, Houston .
Tesco Personal Finance plc, trading as Tesco Bank, is a British retail bank which was formed in July 1997 (as Tesco Personal Finance). The bank was formed as part of a 50:50 joint venture between The Royal Bank of Scotland and Tesco , the largest supermarket in the United Kingdom, employing 2,800 people.
During his tenure, he increased the company's UK market share from 20pc to 30pc. [5] On 8 June 2010, Tesco announced that Leahy was to retire as chief executive in March 2011. [6] Leahy has been paid £8.42m in performance related bonuses since his departure from Tesco, in addition to a pension pot worth £18.4m at the time of his departure. [7]
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Booker Group Limited is a British wholesale distributor, and subsidiary of Tesco. [2] In January 2017, it was announced that the British multinational supermarket retailer Tesco had agreed to purchase the company for £3.7 billion. It was confirmed on 5 March 2018 that Tesco had completed its acquisition of Booker Group Limited. [3]