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Tesco PLC, known as TSCO on the London Stock Exchange (LSE), is a British multinational groceries and general merchandise retailer. Founded in 1919 by Jack Cohen, Tesco started as a group of market stalls. The Tesco brand first appeared in 1924, after Jack Cohen bought a shipment of tea from Thomas Edward Stockwell.
Over the years, Tesco has grown into the UK's biggest supermarket. It has diversified into areas such as the retailing of books, clothing, electronics, furniture, toys, petrol, software, financial services, telecoms, and internet services. In the 1990s, Tesco re-positioned itself from being a downmarket high-volume low-cost retailer, attempting to attract a range of social groups with its low-cost "Tesco Value" range and premium "Tesco Finest" range.
As a member of the LSEG, TSCO continues to shape the global retail landscape. This evergreen company, Tesco, remains at the forefront of the retail industry, embodying its founding principle of providing value to customers.