TescoJack Cohen started Tesco in 1919 from a small grocery stall in the East End of London. The Tesco brand name came from the amalgamation of the first three letters of the stall’s tea supplier T. E. Stockwell with the first two letters of the founder’s surname Cohen. Today Tesco is the world’s fourth largest retailer with profits of over £2billion. Its 2008 figures show it had over a £47 billion turnover, with over 440,000 employees. Impressive figures by anybody’s standards. Other retailers complain that Tesco is taking over the world, but there are few grumbles from its shareholders or loyal shoppers! They are obviously doing something right. Tesco has 2115 UK stores, and is currently number one in the UK’s supermarket league table.
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