Is TESCO Taking Over The World?

I remember a few weeks ago talking to Mr. Tony about the origins of TESCO, well as in any good story there are two of them, both agree that John Edward (Jack) Cohen in 1919, invested his £30 stipend from his World War I service in the Royal Flying Corps in stock for his small grocery stall in Petticoat Lane, East London, the first version of naming the store was in 1932, when Cohen officially founded Tesco Stores Limited, the name was originally that of a private-label brand of tea Cohen sold, created from the initials of T.E. Stockwell, a merchant from whom he bought tea, and the first two letters of his last name, the second version is that when he started, given the area and that he first sold army surplus goods he called it Tottenham and Edmonton Surplus COmpany TESCO, in any event TESCO’S dominance in the UK was confirmed today with the announcement of record annual profits of £3.13 billion and sales of £1 billion a week, their international business generated revenues of almost £19 billion in the past year, still not the biggest in the world but British and getting there!