![]() Sir Terry Leahy the former CEO of Tesco Plc is a shareholder in. In 2011, Tesco was launched, a joint venture between and Tesco Plc, the world's second largest retailer. The company is still headquartered in the Scottish Borders town of Peebles. Today has grown to be a significant player in the UK tyre retail market, generating sales of around $100m annually and looking after over 2,000,000 customers. ![]() Mike set up in 2001 with a first year turnover of £10,000. In 2019 Welch launched US online tire retailer. In 2016 he launched, a network of fashion boutiques selling to consumers globally. Welch has left his position as CEO but continues to advise the board as a consultant. In 2015 was acquired by Michelin, the largest tyre manufacturer in the world at that time. He left the company two years later after he was told he would have to wait 30–40 years to make chief executive.ī is now a significant player in the UK tyre retail market, generating sales of around $100m annually and looking after over 2,000,000 customers. Welch moved to Edinburgh after being head-hunted by Sir Tom Farmer to work as Kwik-Fit's New Business and e-Commerce Manager in 2000. He ran the company from a room in his parents’ house with a mobile phone and help from a £500 grant from The Prince's Trust. He quit in 1996, just weeks after joining, to launch his first tyre retail business, MW Motorforce. Mike Welch OBE (born 28 September 1978) is a British entrepreneur, and founder of online tyre retailer .īorn in Liverpool, England, Welch left school aged 16 and began working as a tyre fitter.
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