Tesco- Nature of Business, Ownership, Structure, Services & Markets
Tesco is one of the world's leading international retailers. The company first used the trading name Tesco, in 1929, it has since expanded from food retailing to different markets and sectors like insurance, telecom, online services, clothing, consumer electronics, consumer financial services, fuel, budget software etc.
The principal activity of the Tesco group is food retailing and it has over 2,500 stores worldwide.
(million sq ft)
Rep. of Ireland
(correct to end of last financial year - 25 Feb 2006)
Tesco PLC is a publicly owned company its major shareholders as of 2004 were
1. Barclays Global Investors (3.82%)
2. Legal and General (2.79%)
3. Schroder Investment Mgt Ltd (2.87%)
4. State Street Global Advisors (2.73%)
5. Axa Investment Managers (2.63%)
6. Threadneedle Investments (2.33%)
7. Scottish Widows (2.08%)
8. M & G Investment Mgt Ltd (1.99%)
9. Morley Fund Management (1.88%)
10. UBS Global Asset Mgt (1.73%)
Tesco's Board comprises six Executive Directors and seven independent Non-Executive Directors, in addition to the Non-executive Chairman:
Sir Terry Leahy
Commercial and Trading Director
International and IT Director
Finance and Strategy Director
Group Marketing Director and Chief Executive USA
Retail and Logistics Director
Rodney Chase CBE
Deputy Chairman and Senior Non-executive
Charles Allen CBE
E Mervyn Davies CBE
Dr Harald Einsmann
Lucy Neville-Rolfe CMG
Executive Director Corporate and legal affairs
The structure of the Board and the integrity of the individual Directors ensure that no one individual or group dominates the decision-making process.
SERVICES & MARKETS
Tesco provides various services to its customers besides food retailing, these services include :
Instant travel insurance
Instant breakdown cover
Health & beauty products
Seasonal goods like barbeques and garden furniture
Today Tesco has stores all over the world including Czech Republic, Hungary, Poland, Ireland, Slovakia, Turkey, China, Japan, Malaysia, South Korea and Thailand and it employs more than 450,000 people worldwide.
PESTEL analysis stands for "Political, Economic, Social, Technologica, Legal and Ethical analysis. It describes a framework of macro environmental factors used in environmental scanning.
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