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TESCO:

The company was founded in 1919 by Sir Jack Cohen as a group of market stalls. The Tesco name first appeared in 1924, after Cohen purchased a shipment of tea from T. E. Stockwell and combined those initials with the first two letters of his surname, and the first Tesco store opened in 1929 in Burnt Oak, Middlesex. His business expanded rapidly, and by 1939 he had over 100 Tesco stores across the country. Originally a UK-focused grocery retailer, since the early 1990s Tesco has increasingly diversified geographically and into areas such as the retailing of books, clothing, electronics, furniture, petrol and software; financial services; telecoms and internet services; DVD rental; and music downloads. Tesco is listed on the London Stock Exchange and is a constituent of the FTSE(Financial Times Stock Exchange) 100 Index. It had a market capitalisation of approximately 24.4 billion as of 15 January 2012, the 15th-largest company of any company with a primary listing on the London Stock Exchange. Tesco is a British multinational grocery and general merchandise retailer headquartered in Cheshunt, United Kingdom. It is the third-largest retailer in the world measured by revenues (after Wal-Mart and Carrefour) and the second-largest measured by profits (after Wal-Mart). It has stores in 14 countries across Asia, Europe and North America and is the grocery market leader in the UK (where it has a market share of around 30%), Malaysia, the Republic of Ireland and Thailand.

Dunhumby:
Dunnhumby is a United Kingdom-based Retail media group, best known for being key to the creation of Tesco Clubcard. Currently a subsidiary of Tesco, the company employs 1,200+ people in 30 countries. The company was formed by husband and wife team Edwina Dunn and Clive Humby. Humby was a trained mathematician, and the couple both worked at Caci. Wanting to start his own business, Humby resigned from Caci, and left on the day that Dunn was sacked. The couple, in collaboration with Terry Hunt, started dunnhumby in 1989 in the kitchen of their Ealing, West London home. The company began working with clients, including Cable & Wireless and BMW. In 1994, Tesco who were second in the UK retail market to Sainsbury's, wanted to create a new loyalty card. The man responsible for Tesco's trials, Grant Harrison, attended a conference where Clive Humby was speaking. Harrison agreed a trial with Tesco's then marketing director Terry Leahy, and after successful trials throughout 1994, the company was asked to present their findings. The first response from the board came from Tesco's thenChairman Lord MacLaurin, who said "What scares me about this is that you know more about my customers after three months than I know after 30 years." Today the company runs a 40-terabyte database, selling information to companies including Procter & Gamble, Coca-Cola and US retailer Kroger. Tesco bought a 53% stake in 2001 for a reported 30m, and increased this holding to 84% in 2006. Dunn and Humby resigned from the company in October 2010, due to depart on April 2011, although they will remain non-executive directors.

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