| Tesco Ireland Limited | |
|---|---|
 |
|
| Type | Private |
| Founded | Dublin, Ireland (1962) (as Power Supermarkets Limited, change of name 1997) |
| Headquarters | Dún Laoghaire, Ireland |
| Key people | Tony Keohane (Chief Executive Officer), William McCann (chairman) |
| Industry | Retail (various) |
| Products | Groceries, with larger stores offering music, video gameselectrical goods, clothing, and toys. A private company limited by shares is a type of company incorporated under the laws of England and Wales, Scotland, that of certain Commonwealth countries Dublin (ˈdʌblɨn/ /ˈdʊblɨn or /ˈdʊbəlɪn/, bˠalʲə aːha klʲiəh or cliə(ɸ is both the largest city and capital of Ireland. Dún Laoghaire (in Irish d̪ˠuːn̪ˠ ˈɫeːrʲə sometimes spelled Dún Laoire; Anglicised as Dunleary, dʌn ˈlɪəri is a suburban Ireland (pronounced /ˈaɾlənd/ Éire) is the third largest island in Europe, and the twentieth-largest island in the world A chief executive officer ( CEO) or chief executive is typically the highest-ranking corporate officer ( executive) or administrator For other uses of this term see Industry (disambiguation An industry (from Latin industrius, "diligent industrious" In Marketing, a product is anything that can be offered to a Market that might satisfy a want or need A grocery store is a store established primarily for the Retailing of Food. Music is an Art form in which the medium is Sound organized in Time. A video game is a Game that involves interaction with a User interface to generate visual feedback on a video device. Clothing (also called clothes, accoutrements, accouterments, or habiliments) protects the Human body from extreme Weather This article is about playthings For other uses of the term see Toy (disambiguation. |
| Revenue | €2. In business revenue or revenues is Income that a company receives from its normal business activities usually from the sale of goods and services 476 billion (2007) |
| Employees | 11,800 (2004) [1] |
| Parent | Tesco |
| Website | www.tesco.ie |
Tesco Ireland Limited is a supermarket company in the Republic of Ireland. Employment is a Contract between two parties, one being the employer and the other being the employee. A holding company is a company that owns part all or a majority of other companies' outstanding Stock. Tesco plc is a British -based international grocery and general merchandising retail chain A website (alternatively web site or Web site, a back-construction from the Proper noun World Wide Web) is a collection of Web pages Customer divider barjpg|thumb|In supermarkets sellers periodically change prices for classes of goods in response to market conditions rather than negotiating the price of each good Generally a company is a form of Business organization. The precise definition varies Ireland ( Irish: Éire, ˈeːrʲə is a country in north-western Europe.
The company was formed in 1997 following the acquisition by Tesco plc of the Irish retailing operations of Associated British Foods plc; namely Powers Supermarkets Ltd. Tesco plc is a British -based international grocery and general merchandising retail chain A Public Limited Company ( PLC, plc or plc or p l c is a type of Limited company in the United Kingdom or the Republic of Ireland which is Associated British Foods plc ( is a British Multinational food ingredients and retail group with sales of £6 and its subsidiaries (see below).
Tesco operates supermarkets under the "Tesco" and "Tesco Ireland" brands, as well as three hypermarkets under the "Tesco Extra" brand, with a fourth store in Tullamore in development and a small number of convenience stores under the "Tesco Ireland Local" and "Tesco Express" brands. Tullamore ( Tulach Mhór in Irish) is a town in County Offaly, in the midlands of Ireland. Five petrol stations are also operated by the company, as well as an internet shopping service, tesco. A filling station, fueling station, gas station, service station, petrol station, or gasbar, Retail Outlet The Internet is a global system of interconnected Computer networks ie. In 2007 the company launced its mobile telephone service, Tesco Mobile.
Tesco Ireland was also the name of an earlier chain of stores in the Republic of Ireland acquired by Tesco in the early 1980s. These were originally founded by Albert Gubay as 3 Guys. Albert Gubay (born 1928 is a Welsh Multi-millionaire, presently based in Santon Isle of Man. In 1986, these were sold to the H Williams chain of supermarkets which subsequently collapsed, in the same year. Year 1986 ( MCMLXXXVI) was a Common year starting on Wednesday (link displays 1986 Gregorian calendar) Many ended up as outlets of other chains, including Crazy Prices, meaning they returned to Tesco ownership eventually.
Contents |
History
Quinnsworth/Tesco/Crazy Prices
Quinnsworth was founded by Pat Quinn in the early 1970s, and was later sold to Power Supermarkets. Quinnsworth was a chain of supermarkets in Ireland. Quinnsworth was best known for their " Yellow Pack " cheap Own brand products in distinctive During the 1970's the slogan used was "Let's get it all together at Quinnsworth". Power Supermarkets Ltd. became the parent company but used Quinnsworth as its marketing name. The company became a wholly owned subsidiary of Associated British Foods plc.
Quinnsworth is remembered for their choice of store sites, their most memorable act was the addition of the phrase Yellow Pack to the English language. "Yellow Packs" were a brand of generic groceries first launched in March 1980 by Fine Fare, a British regional supermarket chain ultimately owned by the Weston family whose English is a West Germanic language originating in England and is the First language for most people in the United Kingdom, the United States Towards the end of Quinnsworth's life, Yellow Pack was replaced by Premium Choice as the own brand. Quinnsworth was also remembered for its advertising campaigns featuring its marketing director (and later chief executive) Maurice Pratt, who would personally introduce new product promotions, ending each advert with the company slogan, "That's Real Value".
Crazy Prices (occasionally Super Crazy Prices) was a brand used by Quinnsworth on some of its larger outlets. Crazy Prices (occasionally Super Crazy Prices) was a supermarket chain operating in the Republic of Ireland and Northern Ireland formerly owned by These were known for their cheap prices. Crazy Prices was one of the first retailers in Ireland to introduce late night opening (until 9pm) on Wednesdays, dubbing this night "Crazy Night" and running special in-store promotions. Until the mid-1990s, most Irish retailers only opened late one night a week, usually Thursday (in Dublin city) or Friday. Dublin (ˈdʌblɨn/ /ˈdʊblɨn or /ˈdʊbəlɪn/, bˠalʲə aːha klʲiəh or cliə(ɸ is both the largest city and capital of Ireland.
Quinnsworth's subsidiary in Northern Ireland was Stewart's Supermarkets Limited, which merged with Crazy Prices in Northern Ireland around 1996. Stewarts Supermarkets Ltd was a group of Supermarkets operating in Northern Ireland until their takeover by Tesco in 1997
ABF sale and Tesco acquisition
In May 1997 Tesco acquired retailing and supply chain operations of Associated British Foods for £643 million.
The grocery businesses acquired were those held by Comar Limited in the Republic of Ireland and Stewarts Supermarkets Limited in Northern Ireland. Comar was the parent company of Powers Supermarkets Ltd (trading as Quinnsworth) and Crazy Prices in the Republic of Ireland. Stewarts Supermarkets included Crazy Prices in Northern Ireland.
Other businesses acquired were the Stewarts Wine Barrel off-licence chain, the sports goods retailer Lifestyle Sports & Leisure Ltd. (marketed as "Lifestyle Sports"), the meat processing and packing business Kingsway Fresh Foods Ltd. and the Fresh fruit and vegetable distributor Daily Wrap Produce Ltd.
The Northern Ireland operations were folded into Tesco's core UK business, while the Republic of Ireland operations became Tesco Ireland. Lifestyle Sports was demerged in 1997 via a management buy-out. A management buyout ( MBO) is a form of Acquisition where a company's existing Managers acquire a large part or all of the company. Stewarts Wine Barrel was sold to United Wine Merchants in 2001.
Tesco Ireland
After the acquisition of Power Supermarkets (PSL) by Tesco, the company name changed to "Tesco Ireland Limited". The first signs of the new regime was the almost immediate introduction of the Tesco own-brand (with advertising stating "Tesco at Quinnsworth and Crazy Prices"), with the completion of the phasing out of Yellow Pack and the other PSL own-brands such as KVI and Premium Choice. Maurice Pratt stayed on as chief executive of the Republic of Ireland operations.
Over the next few years the Quinnsworth and Crazy Prices chains were rebranded as "Tesco Ireland", using a white-on-blue variation of the familiar Tesco logo. The first store to open under the Tesco name was in Athlone in 1997. Athlone ( is a town that lies on the River Shannon near the southern extremity of Lough Ree, Ireland. The changeover was at first relatively slow, with the Quinnsworth and Crazy Prices names continuing to appear on adverts for some time after the launch of the new company identity. Tesco's initial policy was not to change the name over the door until the store had been upgraded to Tesco's standards, in some older stores this meant a significant rebuild of the premises. The first fully rebuilt store opened in Maynooth in 2000. Maynooth ( Maigh Nuad in Irish) is a university town located in north County Kildare, Ireland. 2000 ( MM) was a Leap year that started on Saturday of the Common Era, in accordance with the Gregorian calendar. Some older stores continued to trade under the former names until the early 2000s.
In October 2000, Tesco Ireland launched its tesco. October 2000: January - February - March - April - May - June - July - August - ie online shopping service for the Dublin area. Essentially an Irish expansion of the tesco.com service offered in the UK, the service expanded until by 2004 it was available nationwide. Tescocom is an Electronic commerce Website operated by Tesco. "MMIV" redirects here For the Modest Mouse album see " Baron von Bullshit Rides Again " In 2001, Maurice Pratt, who had been the public face of Quinnsworth, left the company to become chief executive of C&C, later taking up a post as chairman of Bank of Scotland (Ireland). Year 2001 ( MMI) was a Common year starting on Monday according to the Gregorian calendar. Bank of Scotland (Ireland —now more widely known under the Trading name of its retail division Halifax —is a Bank based in the Republic of Ireland He was replaced by Gordon Fryett.
Recently, Tesco Ireland has been slowly rebranding its stores as simply "Tesco", using the regular red-on-white Tesco logo. It now appears that the Tesco Ireland logo will be phased out completely from shop fronts, though it is still used for print advertising - it has, however been reverted to the red-on-white colour scheme.
The company opened its first Irish "Tesco Extra" hypermarket at the Clare Hall estate in Coolock, north Dublin in 2004, and has also branched into filling stations, featuring low petrol prices. Coolock ( is a large suburban area on Dublin city's Northside in Ireland. Many stores are now also open 24 hours. The company has also moved into the convenience store market, with the first a converted Quinnsworth (then the smallest store in the chain) in Drumcondra, opened as a "Tesco Ireland Local". Drumcondra is the name of several places Drumcondra Dublin, Ireland a residential area on the Northside of Dublin This is the only store to use this brand, as subsequent new convenience stores use the "Tesco Express" brand instead.
Tesco has also expanded its product range in Ireland. The Tesco Extra hypermarkets, as well as larger Tesco stores, now stock a range of clothing, electrical goods, music, DVDs and video games, as well as newspapers, magazines, and toys. Clothing (also called clothes, accoutrements, accouterments, or habiliments) protects the Human body from extreme Weather Music is an Art form in which the medium is Sound organized in Time. A video game is a Game that involves interaction with a User interface to generate visual feedback on a video device. A newspaper is a written Publication containing News, information and Advertising, usually printed on low-cost paper called Newsprint. Magazines, periodicals or serials are Publications generally published on a regular schedule containing a variety of articles, generally This article is about playthings For other uses of the term see Toy (disambiguation.
Criticisms
Tesco Ireland is the largest food retailer in Ireland, and has over 10,000 employees. As of 2004 Tesco Ireland has come in for increased criticism for apparently high prices in its Irish stores, although in its favour this seems to be because comparisons are with the British Tesco stores rather than other Irish retailers - and thus like is not being compared with like. "MMIV" redirects here For the Modest Mouse album see " Baron von Bullshit Rides Again " The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom, the UK or Britain,is a Sovereign state located However, there have been general criticisms of the similar pricing between Irish supermarkets, and economic reports noting the high prices in Ireland generally.
Speaking to business leaders in Belfast, Tesco plc CEO argued that higher prices in Northern Ireland were due to higher energy costs and the cost of transporting goods from Great Britain.
Tesco Mobile (Ireland)
On 26 October 2007 Tesco Ireland announced that 'An extensive range of Tesco Mobile prepay handsets will be rolled out to 48 Tesco stores from Monday 29th October'. Events 740 - An Earthquake strikes Constantinople, causing much damage and death Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Tesco Mobile launched as a MVNO piggy-backing on the O2 Network in Ireland. A mobile virtual network operator ( MVNO) is a company that provides Mobile phone service but does not have its own licensed Frequency allocation of They have also outsourced the running of Tesco Mobile to Fujitsu Ireland. is a Japanese company specializing in Semiconductors Computers ( Supercomputers Personal computers, servers, Telecommunications The network uses the 089 prefix.
References
See also
External links
Dapyx Software network: MP3 Explorer | Ebook Manager | Zenithic