Tesco: an example of British success

Hello! Welcome back to our business blog. Do you need to do your food shopping? Here in London you can choose from supermarkets such as Sainsbury’s, Somerfield, Waitrose, Marks & Spencer and Tesco: there are stores everywhere, open everyday (also 24 hours per day). From getting to know London, it’s easy to understand that Britain’s largest supermarket chain is Tesco and why it has been able to spread abroad.

In fact, the UK company will open its first site in Mumbai by the end of 2009, investing millions to be able to open in Delhi, Bangalore and the surrounding areas as soon as possible. This news represents a new direction in the expansion of british businesses into Eastern economies.

Next to the big licensed chains, London also has Indian, Pakistan, Chinese and Thai shops to offer, and in the same way in few years the biggest Indian cities will host several british shops. So, European companies start to export their brand to developing countries. In our evermore globalised economy, these countries are rich markets into which new business can expand; Sir Terry Leahy, chief executive of Tesco, said: “This is another exciting development for Tesco. It complements our entries into China and the United States, giving us access to another of the most important economies in the world.”