Tesco Personal Finance Company Description
Not content with its spot on top of Britain's food chain, Tesco runs a financial supermarket, as well. The financial services arm of one of UK's largest retailers, Tesco Personal Finance (TPF) offers credit cards, loans, insurance (auto, health, home, life, pet, and travel), personal loans, savings accounts, and more. TPF competes with traditional banks, as well as with other retailers that offer financial services, including ASDA and J Sainsbury (Sainsbury's Bank). Supermarket giant Tesco diversified into personal finance in 1997 through a 50-50 joint venture with the Royal Bank of Scotland; it bought out its partner in a deal worth nearly $2 billion in 2008.
View the Comprehensive Company Description for Tesco Personal Finance
The Company Description provides a historical perspective of Tesco Personal Finance's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Tesco Personal Finance's evolution in the marketplace.
