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August 02, 2015 1:27 AM ET

Food and Staples Retailing

Company Overview of Tesco PLC

Company Overview

Tesco PLC, together with its subsidiaries, operates as a grocery retailer. The company also provides retail banking, financial, and insurance services. In addition, it engages in the property, purchasing, data analysis, and sourcing operations. The company operates in the United Kingdom, India, Malaysia, South Korea, Thailand, the Czech Republic, Hungary, Poland, the Republic of Ireland, Slovakia, and Turkey. It serves its customers through approximately 7,817 stores, including franchises, as well as through the Internet. The company was founded in 1919 and is based in Cheshunt, the United Kingdom.

New Tesco House

Delamare Road

Cheshunt,  EN8 9SL

United Kingdom

Founded in 1919

517,802 Employees


44 19 9263 2222

Key Executives for Tesco PLC

Chief Executive Officer and Director
Age: 49
Total Annual Compensation: $570.0K
Chief Financial Officer and Executive Director
Age: 55
Total Annual Compensation: $297.0K
Compensation as of Fiscal Year 2015.

Tesco PLC Key Developments

Byron Grote, Non-Executive Director, Joins the Remuneration Committee of Tesco PLC

Tesco PLC announced that Byron Grote, a Non-executive Director, joined the Remuneration Committee with effect from 24 July 2015.

Tesco Speculated To Divest Stake In Harris + Hoole

It has been speculated that Tesco PLC (LSE:TSCO) may be planning to divest its 49% stake in Harris + Hoole Ltd. Andrew, Nick and Laura Tolley will maintain their 51% stake in Harris + Hoole "at this point in time", said a spokeswoman, but no longer be involved in its management. A Tesco spokesman said: "We'd like to thank the Tolleys for all their hard work in making Harris + Hoole the popular, exciting brand it is today... It's clear customers have come to love the service, experience and high-quality coffee the brand offers. We will continue to work in partnership with the management board and look forward to the business progressing in the future." Tesco is reviewing all aspects of its business as it tries to cut costs and revive sales after a dismal year in which it suffered a record loss.

Tesco Reportedly Seeks To Sell Athlone Centre

Tesco PLC (LSE:TSCO) is seeking to sell Athlone centre for more than €40 million.

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