Why did tesco become tesco plc?

Answer 1

Tesco became Tesco PLC in 1983 to reflect its transformation from a grocery retailer into a public limited company. This change allowed the company to raise capital through public equity markets, facilitating its expansion and diversification beyond food into areas like clothing and electronics. Becoming a PLC also increased transparency and accountability, aligning with regulatory requirements and investor expectations. This move supported Tesco's growth into one of the largest retail chains in the world.