Stratrix

Company profile

Industry
Grocery and general merchandise retail
Founded
1919
Headquarters
Welwyn Garden City, United Kingdom
Ownership
Publicly traded

Profiles are auto-generated and infrequently updated.

Decisions on record

3 verified Decision Cases on Tesco, and the casebook each one belongs to.

Fork dateDecision typeWhat Tesco choseWhere it stoodThe storyCasebook
2001The FlywheelBuy the partnerraised stake to 84% in 2006 and completed full ownership by roughly 2010 (2010)Read the story →The Flywheel Casebook →
2006Market-Entry GambitEnter US with Fresh & Easyfiled for Chapter 11 a second time under Yucaipa; every store closes (2015-10)Read the story →Market-Entry Gambit Casebook →
2014Crisis ResponseFile as immaterialoverstated by roughly £246m (2014)Read the story →Crisis Response Casebook →

Videos on Tesco

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The analyses

The Crisis Response · Crisis & Reinvention
Tesco's Auditor Flagged the Exact Risk — the Audit Committee Filed It as Nothing
In 2014 Tesco overstated its profit by hundreds of millions and three executives were charged. The tidy story is fraud by a few bad actors. The truth is worse: the auditor flagged the exact risk, and the audit committee filed it as nothing.
8 min
The Flywheel · Moat & Competition
How Buying 53% of Dunnhumby Turned Tesco's Clubcard Into an Unreplicable Data Asset
Everyone copied the card. Nobody could copy what Tesco did next: in 2001 it bought 53% of Dunnhumby for a reported £30m, and turned a discount scheme into a data asset rivals still can't replicate 30 years and 23 million households later.
7 min
The Market-Entry Gambit · Growth & Portfolio
Tesco Promised Break-Even in Two Years; Fresh & Easy Bled for Six
Fresh & Easy is taught as a culture clash. But Tesco promised break-even by year two and never turned a profit in six. The real killer wasn't the ethnography - it was launching a loss-making format into a crash and refusing to stop the bleeding.
8 min
The Market-Entry Gambit · Growth & Portfolio
Tesco Lost Nearly £2bn in America. The Real Damage Was the Books It Cooked at Home.
Tesco's US venture cost nearly £2bn and its books were overstated by £263m. The popular story is greed and a criminal cover-up. The trial record tells a different one: every charged executive walked free.
8 min
The Turnaround · Crisis & Reinvention
Tesco's £6.4bn Loss: The Fraud Was £284m — The Other £6bn Took Years to Build
Tesco's 2015 loss was £6.4bn, one of the largest in British corporate history. The accounting fraud everyone blames it on totalled £284m. The other £6bn was the real story — and it had been building for years before anyone got blamed.
8 min

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