How Tesco Hit Trouble: A Timeline

Tesco became the UK's largest retailer in 1995, expanding significantly over the next 17 years. However, in 2013, Tesco's fortunes began to decline, with profits falling for the first time in two decades. The company faced a challenging 2014, issuing multiple profit warnings and undergoing leadership changes. In a major scandal, Tesco overstated its profits by £250 million, leading to executive suspensions and further financial turmoil.

In what year did Tesco become the largest retailer in Britain?

• 1990

• 1995

• 2005

• 2000

Which of the following ventures did Tesco launch during its expansion phase?

• A sports team

• A travel agency

• A car manufacturing unit

• A bank

What significant change occurred in Tesco's financial performance in 2013?

• The company was acquired by a competitor

• The company went bankrupt

• Profits decreased for the first time in 20 years

• Profits increased for the first time in 20 years

Who replaced Philip Clarke as the CEO of Tesco in 2014?

• Dave Lewis

• John Smith

• Michael Brown

• Sarah Johnson

By how much did Tesco overstate its profits, leading to a major scandal?

• £100 million

• £1 billion

• £250 million

• £500 million