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Interpoint Building, 22 Haymarket Yards Edinburgh EH12 5BH, United Kingdom Tel. +44-0131-479-1000 |
Type: Subsidiary
On the web:
http://www.tescofinance.com
Employees:
265
Not content with its spot on top of Britain's food chain, Tesco runs a financial supermarket, as well. The financial services arm of one of UK's largest retailers, Tesco Personal Finance (TPF) offers credit cards, loans, insurance (auto, health, home, life, pet, and travel), personal loans, savings accounts, and more. TPF competes with traditional banks, as well as with other retailers that offer financial services, including ASDA and J Sainsbury (Sainsbury's Bank). Supermarket giant Tesco diversified into personal finance in 1997 through a 50-50 joint venture with the Royal Bank of Scotland; it bought out its partner in a deal worth nearly $2 billion in 2008.
Key numbers for fiscal year ending December, 2008:
Sales: $1,888.6M
Officers:
Chairman: Andrew T. Higginson
CEO: Benny Higgins
Manager Media Relations: Victoria Lomax
Competitors:
Barclays
HSBC Holdings
Sainsbury's Bank
