Search
 

All the Answers in One Box

Treasurers can also play a role in speeding up the expansion process. At Tesco, the U.K.'s largest supermarket company with $4.2 billion in profits in ...

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Treasurers can also play a role in speeding up the expansion process. At Tesco, the U.K.’s largest supermarket company with $4.2 billion in profits in 2005, the treasury function has developed a cookie-cutter approach to running its international back office, says Tom Gunson, a London-based partner with PwC and leader of the firm’s financial effectiveness practice in the U.K. “They developed a kind of startup pack. Basically, if the business goes into a new market, there’s a checklist of things they have to do as part of that –it’s enabled them to open new stores far more rapidly than their competitors and has given them a strategic advantage.” The company first ventured outside the British Isles in 1997. Today, roughly half of its store space is to be found overseas in markets from Hungary to South Korea and China.

Recommended Stories

Trump Threatens Merkel

Josh Wingrove |

Sanctions and troop cuts could result from Germany's continued forward movement on the Nord Stream 2 pipeline to bring Russian natural gas into the EU.

Corporate Borrowers Feeling 'Unease'

Felice Maranz |

At Morgan Stanley financials conference, banks reported that corporate clients are cautious about borrowing because of concern over trade and interest rates.

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.