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.

What significant change occurred for Tesco in 1995?

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What were some of the new ventures Tesco launched besides grocery stores?

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What event marked the beginning of Tesco's decline in 2013?

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What was the impact of the profit warnings issued by Tesco in 2014?

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What was the outcome of Tesco overstating its profits?

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