5 successful businesses that began as market stalls

2. Tesco

Tesco was created by Jack Cohen, the son of Polish migrants, who began trading in Hackney Market, east London, in 1919.

Cohen fought in WW1 as a pilot and used his demob money to buy surplus groceries which he sold at the market. On his first day Cohen made a £1 profit on sales of £4.

Cohen created the Tesco name by combining the initials of his supplier – TE Stockwell – and the first two letters of his own last name.

The first bricks-and-mortar Tesco was opened at Burnt Oak, Edgware Road in north London.

The company has since grown to become the third largest retailer by revenue (after Walmart and Carrefour) in the world.

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