July 26, 2016 6:48 AM ET

Food and Staples Retailing

Company Overview of Tesco Stores (Malaysia) Sdn Bhd

Company Overview

Tesco Stores (Malaysia) Sdn Bhd owns and operates hypermarkets in Malaysia. It offers fresh produce, groceries, household items, and apparel; and its own food and non-food products. The company was founded in 2001 and is based in Kuala Lumpur, Malaysia with stores in Malacca, Klang, Purchong, Mutiara Damansara, Sungai Petani, Penang, Ipoh, Shah Alam, Kajang, Banting, Ampang, and Seri Alam. Tesco Stores (Malaysia) Sdn Bhd operates as a subsidiary of Tesco PLC.

Level 3

No.3, Jalan 7A/62A

Bandar Menjalara

Kuala Lumpur,  52200

Malaysia

Founded in 2001

Phone:

60 3 6287 6000

Fax:

60 3 7726 9628

Key Executives for Tesco Stores (Malaysia) Sdn Bhd

Chief Executive Officer
Marketing Director
Compensation as of Fiscal Year 2016.

Tesco Stores (Malaysia) Sdn Bhd Key Developments

CIMB Bank Announces Five-Year Strategic Partnership with Tesco Stores Malaysia Sdn. Bhd

CIMB Bank Berhad and Tesco Stores Malaysia Sdn. Bhd. have announced a five-year strategic partnership. The result of this partnership is the new CIMB Tesco MasterCard and new CIMB Bank kiosks that would give Tesco shoppers a value-added shopping-banking experience. Cardmembers will receive up to 5% cash rebate on Tesco spending including Tesco's online store and additional Tesco Clubcard Points when they use the CIMB Tesco MasterCard. Tengku Dato' Sri Zafrul Aziz said, "The partnership between CIMB and Tesco Malaysia represents a winning formula in delivering value to customers.

Tesco Stores (Malaysia) Sdn Bhd Allocates MYR 120 Million to Open Four More Outlets

Tesco Stores (Malaysia) Sdn Bhd has allocated MYR 120 million to open four new outlets that will increase its total supermarket outlets in the country to 58. One more store would be opened in Lukut, Negri Sembilan in February 2016.

Tesco Malaysia Announces Change of Chief Executive Officer

Tesco Malaysia has appointed Paul Ritchie as Chief Executive Officer (CEO), effective September 17, 2015. Ritchie takes over from Datuk Georg Fischer, who leaves Tesco for opportunities outside the business. Ritchie joined Tesco in 1980 and prior to this appointment, was the CEO of Tesco Kipa in Turkey for three years before becoming the CEO of Tesco China in 2012. As CEO at Tesco Malaysia, Ritchie would be responsible for all areas of the business, involving 53 hypermarkets and over 8,000 colleagues.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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