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Tesco

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Tesco
20151128 134915
Official Logo for Tesco
Founded: 1919
Headquarters: Tesco House

Shire Park Kestrel Way Welwyn Garden City Hertfordshire AL7 1GA England

Products Supermarket

Hypermarket Superstore

Area served Worldwide
Industry Retailing

Tesco will pay $12m (£8m) to settle legal action by US shareholders which claimed that accounting irregularities inflated the supermarket's share price. The lawsuit alleged that Tesco's overstatement of its profits guidance, revealed last year, breached certain US securities laws. (...) The retailer said in September 2014 it had overstated its profit guidance for the first half of the year by £250m after incorrectly booking payments from suppliers. (...) The incident led to an investigation by the Serious Fraud Office and other regulators. [1]


Tesco is a supermarket, who sell everything from loans to cucumbers to broadband. They currently have stores in the UK, USA, Poland, China and many other poor unsuspecting countries.

On September 11 2015 (The Fourteenth of 9/11) a Tesco shopper was attacked with a machete.[2]


See alsoEdit

ReferencesEdit

  1. Tesco settles US lawsuit over profit overstatement
  2. Tesco attack victim: 'Attacker was coward who tried to behead me'

External LinksEdit

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