Editing Tesco (section)

==History==
===Origins===
[[Jack Cohen (businessman)|Jack Cohen]], the son of Jewish migrants from Poland, founded Tesco in 1919 when he began to sell war-surplus groceries from a stall at Well Street Market, [[London Borough of Hackney|Hackney]], in the [[East End of London]].<ref name="Tescohistsite">{{cite web |title=History |url=http://www.tescoplc.com/index.asp?pageid=11 |url-status=dead |archive-url=https://web.archive.org/web/20130208152825/http://www.tescoplc.com/index.asp?pageid=11 |archive-date=8 February 2013 |access-date=22 January 2015 |publisher=Tesco PLC}}</ref> The Tesco brand first appeared in 1924. The name came about after Jack Cohen bought a shipment of tea from ''Thomas Edward Stockwell''. He made new labels using the initials of the supplier's name (TES), and the first two letters of his surname (CO), forming the word TESCO.<ref name="Tescohistsite" /><ref>{{cite web|url=https://www.edinburghlive.co.uk/news/uk-world-news/people-only-just-realising-what-29139480|title=People are only just realising what Tesco actually stands for|date=11 May 2024|newspaper=Edinburgh Live|access-date=4 April 2025}}</ref><ref>{{cite news|url=https://www.mylondon.news/whats-on/shopping/bizarre-way-tescos-creator-came-19023096|title=The bizarre way Tesco's creator came up with the supermarket's name|date=3 October 2020|newspaper=My London|access-date=4 April 2025}}</ref>

After experimenting with his first permanent indoor market stall at [[Tooting]] in November 1930, Jack Cohen opened the first Tesco shop in September 1931 at 54 Watling Avenue, [[Burnt Oak]], [[Edgware]], [[Middlesex]].<ref name="Jack Cohen">Maurice Corina: “Pile It High Sell It Cheap: The Authorised Biography of Sir Jack Cohen”, Weidenfeld & Nicolson, London, 1971</ref><ref name="Shirley Porter">{{cite book |last=Hosken |first=Andrew |url=https://books.google.com/books?id=kqojsTUz9E8C&q=shirley+porter+nothing+like+a+dame+tesco+burnt+oak+1931&pg=PA9 |title=Nothing Like a Dame: The Scandals of Shirley Porter |publisher=Granta |year=2007 |isbn=9781862079229 |access-date=15 October 2020 |archive-date=6 August 2023 |archive-url=https://web.archive.org/web/20230806193632/https://books.google.com/books?id=kqojsTUz9E8C&q=shirley+porter+nothing+like+a+dame+tesco+burnt+oak+1931&pg=PA9 |url-status=live }}</ref><ref name="Sarah Ryle">{{cite book |last=Ryle |first=Sarah |url=https://books.google.com/books?id=B5Jz1GUbki4C&q=tesco+first+store+burnt+oak+1931+books&pg=PT18 |title=The Making of Tesco: A story of British Shopping |publisher=Random House |year=2013 |isbn=9781448127474 |access-date=15 October 2020 |archive-date=6 August 2023 |archive-url=https://web.archive.org/web/20230806193733/https://books.google.com/books?id=B5Jz1GUbki4C&q=tesco+first+store+burnt+oak+1931+books&pg=PT18 |url-status=live }}</ref> Tesco was floated on the London Stock Exchange in 1947 as Tesco Stores (Holdings) Limited.<ref name="Tescohistsite" /> The first self-service shop opened in [[St Albans]] in 1948 (which remained operational until 2010 before relocating to larger premises on the same street, with a period as a Tesco Metro),<ref>{{cite web|url=https://heritagecalling.com/2023/01/12/how-englands-first-self-service-store-heralded-the-birth-of-the-modern-supermarket/|title=How England's First Self-Service Store Heralded the Birth of the Modern Supermarket|author=Historic England|website=Heritage Calling|date=12 January 2023}}</ref> and the first supermarket in [[Maldon, Essex|Maldon]] in 1956.<ref name="Tescohistsite" />

===Expansion===
[[File:Tiverton , Tesco - geograph.org.uk - 1287902.jpg|thumb|right|Tesco in [[Tiverton, Devon]], England, c.2004]]

During the 1950s and 1960s, Tesco grew organically, and also through acquisitions, until it owned more than 800 shops.<ref name=":0a">{{Cite book|last1=Zokaei|first1=Keivan|url=https://books.google.com/books?id=ja_3s5QMgCUC&pg=PA132|title=Creating a Lean and Green Business System: Techniques for Improving Profits and Sustainability|last2=Lovins|first2=Hunter|last3=Wood|first3=Andy|last4=Hines|first4=Peter|date=3 May 2013|publisher=CRC Press|isbn=978-1-4665-7112-9|language=en|access-date=15 October 2020|archive-date=6 August 2023|archive-url=https://web.archive.org/web/20230806193633/https://books.google.com/books?id=ja_3s5QMgCUC&pg=PA132|url-status=live}}</ref> The company purchased 70 ''Williamson's'' shops (1957), 200 ''Harrow Stores'' outlets (1959), 212 ''Irwins'' shops (1960), 97 ''Charles Phillips'' shops (1964) and the [[Victor Value]] chain (1968) (sold to [[Bejam]] in 1986).<ref name=":0a" /><ref>{{cite web|url=http://www.icmrindia.org/casestudies/catalogue/Business%20Strategy3/BSTA085.htm|title=TESCO in 2003|access-date=13 November 2014|publisher=ICFAI|archive-date=7 March 2015|archive-url=https://web.archive.org/web/20150307045959/http://www.icmrindia.org/casestudies/catalogue/Business%20Strategy3/BSTA085.htm|url-status=live}}</ref>

Jack Cohen's business motto was "pile it high and sell it cheap",<ref name="YCDBSOYA_1">{{Cite news|url=https://www.independent.co.uk/news/people/profiles/shirley-porter-rich-flashy-and-corrupt-with-it-shes-nothing-like-a-dame-620265.html|archive-url=https://web.archive.org/web/20110908035556/http://www.independent.co.uk/news/people/profiles/shirley-porter-rich-flashy-and-corrupt-with-it-shes-nothing-like-a-dame-620265.html|url-status=dead|archive-date=8 September 2011|title=Shirley Porter: Rich, flashy and corrupt with it. She's nothing like a Dame|access-date=13 December 2009|location=London|first=Sean|last=O'Grady|date=16 December 2001|work=The Independent}}</ref> to which he added an internal motto of "YCDBSOYA" (You Can't Do Business Sitting On Your Arse) which he used to motivate his sales force.<ref name="YCDBSOYA_1" />

In May 1987, Tesco completed its [[hostile takeover]] of the [[Hillards]] chain of 40 supermarkets in the North of England for £220&nbsp;million.<ref>{{Cite news|first=Margareta|last=Pagano|title=Shocked Hillards attacks greed of Prudential: Hartley disgusted with institutions after Tesco wins takeover battle|work=The Guardian|date=16 May 1987}}</ref>

In 1994, the company took over the supermarket chain [[William Low]] after fighting off [[Sainsbury's]] for control of the [[Dundee]]-based firm, which operated 57 shops. This paved the way for Tesco to expand its presence in Scotland, in which its presence was weaker than in England.<ref>{{cite news|url=https://www.independent.co.uk/news/business/tesco-to-spend-pounds-65m-developing-wm-low-stores-1450175.html|title=Tesco to spend pounds 65m developing Wm Low shops|date=20 September 1994|newspaper=The Independent|access-date=27 March 2016|archive-date=9 April 2016|archive-url=https://web.archive.org/web/20160409040709/http://www.independent.co.uk/news/business/tesco-to-spend-pounds-65m-developing-wm-low-stores-1450175.html|url-status=live}}</ref>

Tesco introduced a [[loyalty card]], branded '[[Clubcard]]' in 1995,<ref>{{Cite web|url=https://www.cmo.com.au/article/575497/how-tesco-loyalty-card-transformed-customer-data-tracking/|title=How Tesco's loyalty card transformed customer data tracking|last1=Howarth|first1=Brad|website=cmo.com.au|date=21 May 2015|language=en-au|access-date=1 April 2020|archive-date=8 August 2020|archive-url=https://web.archive.org/web/20200808083718/https://www.cmo.com.au/article/575497/how-tesco-loyalty-card-transformed-customer-data-tracking/|url-status=live}}</ref> and later an Internet shopping service. In 1996 the typeface of the logo was changed to the current version with stripe reflections underneath, whilst the corporate font used for shop signage was changed from the familiar "typewriter" font that had been used since the 1970s. Overseas operations were introduced in the same year.<ref name="BBC News" /> [[Terry Leahy]] assumed the role of Chief Executive on 21 February 1997, the appointment having been announced on 21 November 1995.<ref>{{Cite news|title=Business as usual for Sir Terry after 10 years in charge|work=Birmingham Post|publisher=Midland Independent Newspapers|page=24|date=22 February 2007}}</ref><ref>{{Cite news|first=Neil|last=Buckley|title=People: Leahy rings Tesco's tills|work=Financial Times|location=London|page=40|date=22 November 1995}}</ref>

On 21 March 1997, Tesco announced the purchase of the retail arm of [[Associated British Foods]], which consisted of the [[Quinnsworth]], [[Stewarts Supermarkets|Stewarts]] and [[Crazy Prices]] chains in Ireland and Northern Ireland, and associated businesses, for £640&nbsp;million.<ref>{{Cite news|first=Sarah|last=Cunningham|title=Tesco pays £630m for ABF's Irish business|work=The Times|date=22 March 1997}}</ref> The deal was approved by the European Commission on 6 May 1997.<ref>{{cite news|title=Tesco's Irish move approved|work=Financial Times|location=London|date=7 May 1997}}</ref>

The company was the subject of a [[Tesco bomb campaign|letter bomb campaign]] lasting five months from August 2000 to February 2001 as a bomber calling himself "Sally" sent letter bombs to Tesco customers and demanded that Clubcards be modified to be capable of withdrawing money from cash machines.<ref>{{cite news|url=https://www.telegraph.co.uk/news/uknews/1308835/Tesco-bomb-blackmailer-is-jailed-for-16-years.html |archive-url=https://ghostarchive.org/archive/20220111/https://www.telegraph.co.uk/news/uknews/1308835/Tesco-bomb-blackmailer-is-jailed-for-16-years.html |archive-date=11 January 2022 |url-access=subscription |url-status=live|title=Tesco bomb blackmailer is jailed for 16 years|last=Savill|first=Richard|date=12 June 2001|work=The Daily Telegraph|location=London|access-date=12 April 2011}}{{cbignore}}</ref>

===Diversification===
[[File:Tesco Tomaszów Mazowiecki.jpg|thumb|Tesco in [[Tomaszów Mazowiecki]], Poland, 2018]]
The company started to expand the range of products it sold during the 1960s to include household goods and clothing under the Delamare brand, and in 1974 opened its first petrol station.<ref>{{cite web|url=https://www.telegraph.co.uk/finance/markets/2788089/A-history-of-Tesco-The-rise-of-Britains-biggest-supermarket.html|archive-url=https://web.archive.org/web/20110829033448/https://www.telegraph.co.uk/finance/markets/2788089/A-history-of-Tesco-The-rise-of-Britains-biggest-supermarket.html|url-status=dead|archive-date=29 August 2011|work=The Telegraph|title=A-history-of-Tesco-The-rise-of-Britains-biggest-supermarket|date=15 April 2008|author=Tim Clark}}</ref><ref>{{cite web|url=https://www.tescoplc.com/about-us/history/|work=tescoplc.com|title=History|access-date=30 October 2016|archive-date=31 October 2016|archive-url=https://web.archive.org/web/20161031024922/https://www.tescoplc.com/about-us/history/|url-status=live}}</ref><ref>{{cite web|url=https://www.independent.co.uk/student/career-planning/getting-job/a-z-of-employers-tesco-431552.html|work=The Independent|title=a-z-of-employers-tesco|date=11 January 2007|access-date=7 November 2018|archive-date=7 November 2018|archive-url=https://web.archive.org/web/20181107150842/https://www.independent.co.uk/student/career-planning/getting-job/a-z-of-employers-tesco-431552.html|url-status=live}}</ref>

In 2001, Tesco became involved in internet grocery retailing in the US when it obtained a 35% stake in GroceryWorks.<ref>{{Cite news|url=http://findarticles.com/p/articles/mi_m0HWW/is_27_4/ai_76964759|title=Tesco buys stake in GroceryWorks|first=Miguel|last=Helft|year=2001|work=The Industry Standard|url-status=dead|archive-url=https://web.archive.org/web/20080428114458/http://findarticles.com/p/articles/mi_m0HWW/is_27_4/ai_76964759|archive-date=28 April 2008}}</ref>

In 2002, Tesco purchased 13 HIT hypermarkets in Poland. It also made a major move into the UK's convenience shop market with its purchase of T&S Stores, owner of 870 convenience shops in the One Stop, Dillons, and Day & Nite chains in the UK.<ref>{{cite news|url=http://www.findarticles.com/p/articles/mi_m0DQA/is_2002_Nov_7/ai_94447960|title=Convenience boost for Tesco – Tesco PLC acquires One Stop, Day and Nite convenience shops from T. and S. Stores PLC|publisher=Eurofood|date=7 November 2002|url-status=dead|archive-url=https://web.archive.org/web/20060628090054/http://www.findarticles.com/p/articles/mi_m0DQA/is_2002_Nov_7/ai_94447960|archive-date=28 June 2006}}</ref>

In June 2003, Tesco purchased the C Two-Network in Japan.<ref>{{cite news|url=http://news.bbc.co.uk/1/hi/business/2977358.stm|title=Tesco buys Japanese retailer|work=BBC News|date=10 June 2003|access-date=18 October 2014|archive-date=29 July 2017|archive-url=https://web.archive.org/web/20170729232439/http://news.bbc.co.uk/1/hi/business/2977358.stm|url-status=live}}</ref> It also acquired a majority stake in the Turkish supermarket chain [[Tesco Kipa|Kipa]].<ref>{{Cite web|url=http://goliath.ecnext.com/coms2/gi_0199-2925842/Turkey-close-World-News-Tesco.html|title=Tesco to buy controlling stake in Kipa}}</ref> In January 2004, Tesco acquired Adminstore, owner of 45 Cullens, Europa, and Harts convenience shops, in and around London.<ref>{{cite news|url=http://news.bbc.co.uk/1/hi/business/3419635.stm|title=Tesco snaps up Cullens and Europa|work=BBC News|date=22 January 2004|access-date=18 October 2014|archive-date=15 September 2008|archive-url=https://web.archive.org/web/20080915113809/http://news.bbc.co.uk/1/hi/business/3419635.stm|url-status=live}}</ref>

In Thailand, Tesco Lotus was a joint venture of the [[Charoen Pokphand]] Group and Tesco, but facing criticism over the growth of [[hypermarket]]s CP Group sold its Tesco Lotus shares in 2003. In late 2005 Tesco acquired the 21 remaining [[Safeway (UK)|Safeway]]/[[BP]] shops after [[Morrisons]] dissolved the Safeway/BP partnership.<ref>{{cite news|url=https://www.theguardian.com/business/2005/sep/26/supermarkets.tesco|title=Tesco buys 21 Morrisons Petrol Filling Stations|location=London|date=26 September 2005|work=The Guardian|first=Mark|last=Tran|access-date=13 December 2016|archive-date=27 September 2016|archive-url=https://web.archive.org/web/20160927190659/https://www.theguardian.com/business/2005/sep/26/supermarkets.tesco|url-status=live}}</ref>

In 2006, Tesco announced plans to move into the United States by opening a chain of small-format groceries in the Western states (Arizona, California, and Nevada) in 2007 named [[Fresh & Easy]]. Tesco would eventually pull out of the United States market in 2013, following performance issues.<ref>{{cite web|url=http://www.tescocorporate.com/page.aspx?pointerid=14163CB2412F41B1BD7765AC8DBE49EB|archive-url=https://web.archive.org/web/20060414194208/http://www.tescocorporate.com/page.aspx?pointerid=14163CB2412F41B1BD7765AC8DBE49EB|url-status=dead|archive-date=14 April 2006|title=Tesco to enter United States|access-date=13 March 2006}}</ref>

===2010s===
In 2010, Tesco started funding a small film studio intended to produce Tesco-exclusive direct-to-DVD films. The first film was released on 6 September called ''[[Paris Connections]]'', based on a popular novel by Jackie Collins.<ref>{{cite news|url=http://news.bbc.co.uk/1/hi/8478414.stm|title=Tesco signs film-making joint venture|work=BBC News|date=25 January 2010|access-date=19 April 2011|archive-date=30 November 2021|archive-url=https://web.archive.org/web/20211130200310/http://news.bbc.co.uk/1/hi/8478414.stm|url-status=live}}</ref><ref>{{cite news|last=Thorpe|first=Vanessa|url=https://www.theguardian.com/business/2010/jan/24/tesco-film-movies-novels-adaptations|title=Tesco sets up film studio to adapt hit novels|work=The Guardian|location=London|date=24 January 2010|access-date=19 April 2011|archive-date=28 September 2013|archive-url=https://web.archive.org/web/20130928141927/http://www.theguardian.com/business/2010/jan/24/tesco-film-movies-novels-adaptations|url-status=live}}</ref>

In 2013, Tesco confirmed that it was pulling out of its US market (Fresh & Easy) stores in April, after it filed for Chapter 11 bankruptcy, at a reported cost of £1.2&nbsp;billion.<ref>{{cite news|url=https://www.bbc.co.uk/news/business-22179255|title=Tesco profits fall as supermarket pulls out of US|work=BBC News|date=17 April 2013|access-date=21 July 2018|archive-date=26 May 2018|archive-url=https://web.archive.org/web/20180526052442/http://www.bbc.co.uk/news/business-22179255|url-status=live}}</ref> In September, Tesco announced that it would sell the business to [[Ronald Burkle]]'s [[Yucaipa Companies]] for an undisclosed amount.<ref>{{cite news|last=Pfeifer|first=Stuart|url=http://www.latimes.com/business/money/la-fi-mo-ron-burkle-fresh-easy-purchase-20130910,0,5222140.story|title=Ron Burkle's Yucaipa buying Fresh & Easy stores from Tesco|work=Los Angeles Times|date=10 September 2013|access-date=29 March 2014|archive-date=3 February 2014|archive-url=https://web.archive.org/web/20140203163514/http://www.latimes.com/business/money/la-fi-mo-ron-burkle-fresh-easy-purchase-20130910,0,5222140.story|url-status=live}}</ref> That same month, Tesco launched its first [[tablet computer]], a seven-inch model called [[Tesco Hudl|Hudl]].<ref>{{cite web|url=http://ceoworld.biz/ceo/2013/09/23/tesco-launches-its-first-android-jelly-bean-powered-7in-hudl-budget-tablet-29920922|archive-url=https://web.archive.org/web/20130926005226/http://ceoworld.biz/ceo/2013/09/23/tesco-launches-its-first-android-jelly-bean-powered-7in-hudl-budget-tablet-29920922|url-status=dead|archive-date=26 September 2013|title=Tesco Launches Its First Android Jelly Bean Powered 7in Hudl Budget Tablet|publisher=CEOWORLD Magazine|date=23 September 2013|access-date=23 September 2013}}</ref> Tesco also purchased the restaurant and cafe chain Giraffe for £48.6&nbsp;million.<ref>{{cite web|url=https://www.bbc.co.uk/news/business-21769507|title=Tesco buys Giraffe restaurants|publisher=BBC|date=13 March 2013|access-date=2 June 2014|archive-date=10 May 2014|archive-url=https://web.archive.org/web/20140510190721/http://www.bbc.co.uk/news/business-21769507|url-status=live}}</ref>

[[File:Tesco_supermarket_trollies_(detail).jpg|right|thumb|Tesco trollies]] 
In 2015, Tesco confirmed the sale of its [[Blinkbox]] on-demand video service and its fixed-line telephone and broadband business to [[TalkTalk Group|TalkTalk]].<ref name="independent.co.uk">{{cite news|last1=Molloy|first1=Antonia|title=Tesco sells Blinkbox and broadband service to TalkTalk|url=https://www.independent.co.uk/news/business/news/tesco-sells-blinkbox-and-broadband-service-to-talktalk-9965004.html|access-date=22 January 2015|work=The Independent|location=London|date=8 January 2015|archive-date=12 January 2015|archive-url=https://web.archive.org/web/20150112005707/http://www.independent.co.uk/news/business/news/tesco-sells-blinkbox-and-broadband-service-to-talktalk-9965004.html|url-status=live}}</ref> In January, Tesco sold the [[Blinkbox Music]] streaming service to now-defunct [[Guvera]],<ref>{{cite news|last1=Glenday|first1=John|title=Tesco sells Blinkbox Music to Guvera|url=http://www.thedrum.com/news/2015/01/26/tesco-sells-blinkbox-music-guvera|access-date=28 January 2015|work=The Drum|date=26 January 2015|archive-date=28 January 2015|archive-url=https://web.archive.org/web/20150128045910/http://www.thedrum.com/news/2015/01/26/tesco-sells-blinkbox-music-guvera|url-status=live}}</ref> and confirmed it would close its Blinkbox Books service by the end of February.<ref>{{cite news|last1=Armstrong|first1=Ashley|title=Tesco gives up on e-books as it closes Blinkbox Books|url=https://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/11369681/Tesco-gives-up-on-e-books-as-it-closes-Blinkbox-Books.html |archive-url=https://ghostarchive.org/archive/20220111/https://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/11369681/Tesco-gives-up-on-e-books-as-it-closes-Blinkbox-Books.html |archive-date=11 January 2022 |url-access=subscription |url-status=live|access-date=28 January 2015|work=The Daily Telegraph|location=London|date=26 January 2015}}{{cbignore}}</ref>

In 2016, Tesco confirmed it was seeking to sell [[Dobbies Garden Centres]], [[Giraffe Restaurants]], and [[Harris + Hoole]] to concentrate on its main supermarket business.<ref>{{cite news|title=Tesco starts sell-off ahead of results with Asian disposal|url=https://www.bbc.co.uk/news/business-36022305|access-date=12 April 2016|work=BBC News|date=12 April 2016|archive-date=12 April 2016|archive-url=https://web.archive.org/web/20160412101359/http://www.bbc.co.uk/news/business-36022305|url-status=live}}</ref>

In 2017, it was announced that Tesco had reached an agreement to merge with Britain's biggest wholesaler [[Booker Group]]. There were however concerns over market dominance with Tesco being Britain's largest food retailer and Booker being the UK's largest wholesaler.<ref>{{Cite news|url=https://stv.tv/news/uk/1379183-tesco-reaches-agreement-with-booker-in-3-7bn-merger-deal/|title=Tesco reaches agreement with Booker in £3.7bn merger deal|date=27 January 2017|newspaper=STV News|access-date=20 February 2017|archive-date=19 February 2017|archive-url=https://web.archive.org/web/20170219102031/https://stv.tv/news/uk/1379183-tesco-reaches-agreement-with-booker-in-3-7bn-merger-deal/|url-status=live}}</ref> In April, the company confirmed it would sell its in-shop opticians' business to [[Vision Express]].<ref>{{cite news|title=Tesco to offload opticians' business to Vision Express|url=https://www.bbc.co.uk/news/business-39641422|access-date=19 April 2017|work=BBC News|date=19 April 2017|archive-date=19 April 2017|archive-url=https://web.archive.org/web/20170419114151/http://www.bbc.co.uk/news/business-39641422|url-status=live}}</ref> In June, Tesco announced a major cost-cutting initiative that would reduce the company's workforce by over 1,200 workers. Key reductions included over a quarter of its employees in Welwyn Garden City and Hatfield, and the closure of the call centre in Cardiff. The company hoped to reduce costs by £1.5&nbsp;billion.<ref>{{cite news|title=Tesco to axe 1,200 head office jobs|url=https://www.bbc.com/news/business-40429659|access-date=29 June 2017|work=BBC News|date=28 June 2017|archive-date=28 June 2017|archive-url=https://web.archive.org/web/20170628221548/http://www.bbc.com/news/business-40429659|url-status=live}}</ref>

In 2019, Tesco announced another cost-cutting initiative that would close the food counters in 90 stores, affecting around 9,000 workers.<ref>{{cite news|title=Tesco cost cuts to hit 9,000 jobs|url=https://www.bbc.co.uk/news/business-47023001|access-date=28 January 2019|work=BBC News|date=28 January 2019|archive-date=27 January 2019|archive-url=https://web.archive.org/web/20190127215029/https://www.bbc.co.uk/news/business-47023001|url-status=live}}</ref> In October 2019, Tesco announced that CEO Dave Lewis would step down in 2020,<ref>{{Cite news|url=https://www.reuters.com/article/us-tesco-results-idUSKBN1WH0FU|title=Tesco CEO Dave Lewis to step down in 2020|date=2 October 2019|work=Reuters|access-date=2 October 2019|language=en|archive-date=2 October 2019|archive-url=https://web.archive.org/web/20191002071147/https://www.reuters.com/article/us-tesco-results-idUSKBN1WH0FU|url-status=live}}</ref> and would be succeeded by [[Ken Murphy (businessman)|Ken Murphy]].<ref name="Guardian">{{cite news|last1=Pratley|first1=Nils|title=New Tesco boss isn't the obvious choice for chief executive|url=https://www.theguardian.com/business/nils-pratley-on-finance/2019/oct/02/ken-the-unknown-not-the-obvious-choice-as-tesco-chief-executive|access-date=3 October 2019|work=The Guardian|archive-date=2 October 2019|archive-url=https://web.archive.org/web/20191002191854/https://www.theguardian.com/business/nils-pratley-on-finance/2019/oct/02/ken-the-unknown-not-the-obvious-choice-as-tesco-chief-executive|url-status=live}}</ref>[[File:Tesco international operations.svg|thumb|Countries served by Tesco stores:{{Legend|#2171b5|Currently operating}}{{Legend|#bdd7e7|Previously operated}}]]

In 2023, Tesco acquired all nine [[Shoprite (Isle of Man)|Shoprite]] shops on the Isle of Man from the Nicholson family who had built the chain up since 1972.<ref>{{cite news|url=https://www.iomtoday.co.im/news/tesco-buys-all-nine-shoprite-supermarkets-on-the-isle-of-man-643050|title=Tesco buys all nine Shoprite supermarkets on the Isle of Man|date=9 October 2023|newspaper=Isle of Man Today|access-date=10 October 2023}}</ref>