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Encyclopedia > Tesco Ireland
Tesco Ireland Limited
Tesco Ireland Logo
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.
Revenue €2.144 billion (2004)
Employees 11,800 (2004) [1]
Parent Tesco
Slogan "Every Little Helps"
Website www.tesco.ie

Tesco Ireland Limited is a supermarket company in the Republic of Ireland. Image File history File links Tesco Ireland logo File history Legend: (cur) = this is the current file, (del) = delete this old version, (rev) = revert to this old version. ... A limited company by shares (limited or Ltd. ... This article is about the city in Ireland. ... // WGS-84 (GPS) Coordinates: 53. ... A Chief Executive Officer (CEO), or Chief Executive, is the highest-ranking corporate officer, administrator, corporate administrator, executive, or executive officer, in charge of total management of a corporation, company, organization or agency. ... A Chairman is the presiding officer of a meeting, organization, committee, or other deliberative body. ... Drawing of a self-service store. ... Supermarket produce section A supermarket is a store that sells a wide variety of goods including food and alcohol, medicine, clothes, and other household products that are consumed regularly. ... Allegory of Music on the Opéra Garnier Music is an art form that involves organized sounds and silence. ... This article is about computer and video games. ... The article on electrical energy is located elsewhere. ... Men and women wearing suits, an example of one of the many modern forms of clothing (from the 1937 Chicago Woolen Mills catalog) Clothing is defined, in its broadest sense, as coverings for the torso and limbs as well as coverings for the hands (gloves), feet (socks, shoes, sandals, boots... To meet Wikipedias quality standards, this article or section may require cleanup. ... Revenue is a U.S. business term for the amount of money that a company earns from its activities in a given period, mostly from sales of products and/or services to customers. ... 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 enough voting stock in another firm to control management and operations by influencing or electing its board of directors. ... Tesco logo Historic Tesco store in St Albans Tesco PLC is a United Kingdom based international supermarket chain. ... Look up slogan in Wiktionary, the free dictionary. ... A website (or Web site) is a collection of web pages, typically common to a particular domain name or subdomain on the World Wide Web on the Internet. ... Exterior of a typical British supermarket (a Tesco Extra) Exterior of typical North American supermarket (a Safeway) This Flagship Randalls store in Houston, Texas is an example of an upscale supermarket. ... The term company may refer to a separate legal entity, as in English law, or may simply refer to a business, as is the common use in the United States. ...


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. and its subsidiaries (see below). Tesco plc is a UK based international grocery and general merchandising retail chain. ... Associated British Foods (ABF) is a multi-billion pound turnover British multinational with diverse food manufacturing interests and a secondary business in fashion retailing. ...


Tesco operates supermarkets under the "Tesco" and "Tesco Ireland" brands, as well as three hypermarkets under the "Tesco Extra" brand and a small number of convenience stores under the "Tesco Ireland Local" and "Tesco Express" brands. Five petrol stations are also operated by the company, as well as an internet shopping service, tesco.ie. In 2006 it announced its move into the mobile telephone business in 2007. Modern filling station, Preem in Karlskrona, Sweden An Ampol station in Australia in the late 1940s. ... For the Manfred Mann album, see 2006 (album). ... Cellular redirects here. ... 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the Anno Domini (common) era. ...


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. In 1986, these were sold to the H Williams chain of supermarkets which subsequently collapsed, in the same year. Many ended up as outlets of other chains, including Crazy Prices, meaning they returned to Tesco ownership eventually.

Contents

History

Quinnsworth/Crazy Prices

Quinnsworth was founded by Pat Quinn in the early 1970s, and was later sold to Power Supermarkets. 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. Tesco Ireland was formed from Power Supermarkets Ltd in 1999, more commonly known as the Quinnsworth and Crazy Prices chain of supermarkets in Ireland; the chain is a subsiduary of Tesco PLC. Tesco operates supermarkets under the Tesco and Tesco Ireland brands, as well as one hypermarket under the Tesco...


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. 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". 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 extensive interests include the UKs Associated British Foods, Loblaws Companies in North America, and a range of upmarket retailers such as... The English language is a West Germanic language that originates in England. ...


Crazy Prices (occasionally Super Crazy Prices) was a brand used by Quinnsworth on some of its larger outlets. 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. Tesco Ireland was formed from Power Supermarkets Ltd in 1999, more commonly known as the Quinnsworth and Crazy Prices chain of supermarkets in Ireland; the chain is a subsiduary of Tesco PLC. Tesco operates supermarkets under the Tesco and Tesco Ireland brands, as well as one hypermarket under the Tesco... WGS-84 (GPS) Coordinates: 53. ...


Quinnsworth's subsidiary in Northern Ireland was Stewart's Supermarket's Limited (Stewarts), which merged with Crazy Prices in Northern Ireland around 1996.


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. Stewarts Wine Barrel was sold to United Wine Merchants in 2001. A management buyout (MBO) occurs when a companys managers buy or acquire a large part of the company. ...


Tesco Ireland

After the acquisition of Power Supermarkets 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. 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. Some older stores continued to trade under the former names until the early 2000s. WGS-84 (GPS) Coordinates: 53. ... WGS-84 (GPS) Coordinates: 53. ... This article is about the year 2000. ...


In October 2000, Tesco Ireland launched its tesco.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. 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). He was replaced by Gordon Fryett. October 2000 : January - February - March - April - May - June - July - August - September - October - November - December Events October 1 - 2 - Nine Israeli-Arabs are killed by Israeli security forces after a riot/violent demonstration of solidarity with Palestinians under military rule in the West Bank and Gaza. ... Tesco. ... 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ... 2001 (MMI) was a common year starting on Monday of the Gregorian calendar. ... For the Command & Conquer PC games, see Command & Conquer C&C (Cantrell & Cochrane), (ISE: CCR) , (LSE: CCR) , (Xetra: GCC) , is a multi-million euro consumer goods group based in Ireland. ... Bank of Scotland (Ireland) is a bank based in the Republic of Ireland owned by HBOS plc. ...


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 in Clarehall, North Dublin in 2004, and has also branched into filling stations. 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". This is the only store to use this brand, as subsequent new convenience stores use the "Tesco Express" brand instead. Drumcondra (Irish: Droim Conrach) is a fashionable residential area on the Northside of Dublin, Ireland. ...


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, and video games, as well as newspapers, magazines, and toys. Men and women wearing suits, an example of one of the many modern forms of clothing (from the 1937 Chicago Woolen Mills catalog) Clothing is defined, in its broadest sense, as coverings for the torso and limbs as well as coverings for the hands (gloves), feet (socks, shoes, sandals, boots... The article on electrical energy is located elsewhere. ... Allegory of Music on the Opéra Garnier Music is an art form that involves organized sounds and silence. ... This article is about computer and video games. ... This article is about the magazine as a published medium. ... To meet Wikipedias quality standards, this article or section may require cleanup. ...


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. However, there have been general criticisms of the similar pricing between Irish supermarkets, and economic reports noting the high prices in Ireland generally. 2004 is a leap year starting on Thursday of the Gregorian calendar. ...


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 19 December 2006 Tesco Ireland announced that it would enter into a joint venture with O2 Ireland to offer mobile telecommunications services. The service, which will be Ireland's first MVNO, will use the O2 network but operate separately. It will be allocated the STD code 089. As with Tesco's similar service in the UK, it will be branded Tesco Mobile. The service should be launched during Summer 2007. December 19 is the 353rd day of the year (354th in leap years) in the Gregorian calendar. ... For the Manfred Mann album, see 2006 (album). ... O2 Ireland is a GSM mobile telecommunications operator in the Republic of Ireland. ... A Mobile Virtual Network Operator is a company that does not own a licensed frequency spectrum, but resells wireless services under their own brand name, using the network of another mobile phone operator. ... Subscriber trunk dialling (STD) (also known as subscriber toll dialling) is a term for the UK telephone system allowing subscribers to dial trunk calls without operator assistance. ...


See also

The following page lists Irish companies or subsidiaries according to their sector. ...

External links

  • Official site
  • Sunday Business Post - The revolution will be Tesco-ised

  Results from FactBites:
 
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Tesco is increasingly a target for people in the UK who disapprove of the effects supermarket chains can have on farmers, suppliers and smaller competitors.
  More results at FactBites »


 

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