BiG Research Flash Note: Tesco
Tesco PLC is a British groceries retailer founded back in 1919 in UK, Welwyn Garden City,
where it is currently headquartered. The company operates through hypermarket and
convenience store concepts, as well as wholesale business. In addition to groceries retail,
Tesco PLC provides retail banking and insurance business services. With the food retail,
company operates in UK and Ireland, Central Europe (Poland, Hungary, Slovakia and
Czech Republic) and Asia (Malaysia and Thailand). UK and Ireland is the main revenue
generating business (70% of sales in 2018). Tesco PLC employs around 321 thousand
employees.
Tesco is a retailer. Co. and its subsidiaries are engaged in retailing and associated activities in the U.K. and Republic of Ireland; and Czech Republic, Hungary, Poland, Slovakia, Malaysia, and Thailand. Co. provides retail banking and insurance services through Tesco Bank in the U.K. Co. sells and services of motor and home insurance policies underwritten by Tesco Underwriting Limited, or in a minority of cases by a third-party underwriter. As of Feb 25 2017, Co. had a total of 6,809 stores worldwide, including 256 franchised stores.
Banco de Investimento Global, S.A. (BiG) is a privately-held, specialized financial institution, with headquarters in Lisbon, and is licensed to operate in all business areas open to the banking sector in Portugal.
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