Keywords: change management tesco, kotter change model tesco Tesco is the UK's most successful and visible supermarket and one of the world's leading international stores. Tesco was founded by Jack Cohen at east London in 1919. The name came about after Jack Cohen bought a shipment of tea from T. S. Stockwell. He made new product labels using the first three characters of the supplier's name (TES), and the first two words of his surname (CO), developing the word TESCO (tesco. com). Tesco is the marketplace innovator of the supermarket industry in UK with earnings of £38. 558 billion including VAT and £62. 537 billion of revenue worldwide this year 2010 (tescoplc. com). Even in this tough economy Tesco has made an incredible £3. 4 billion profit worldwide this year (guardian. co. uk). 1.