Tesco is the third largest grocery merchant on the planet after Wal-Mart and Carrefour. It is headquartered in Cheshunt, UK. Tesco was founded by Jack Cohen from market stall in London's East Result in 1919. (Tesco PLC - About us - Our history) The name of Tesco came from the initials of T. E Stockwell, who as a partner in the company of tea suppliers, and CO from Jack's surname in the entire year 1924. Under the leading of Jack, its business is continuing to grow through the years and now performs in 14 countries about the world, utilize over 500, 000 people and provide tens of an incredible number of customers every week. Tesco operate in Malaysia insurance firms alliance with local business group, Sime Darby, who carry a 30% shares available. Since Tesco opened its first store in Malaysia in-may 2002, Tesco has opened up 46 stores across Peninsular Malaysia.