Tesco‘s convenience store chain One Stop Stores has acquired 33 shops from convenience retailer Alfred Jones as it seeks to expand its UK market.
One Stop‘s total stores will now number 682 across England and Wales with the newly acquired stores based in the North West of England. The deal is conditional upon regulatory approval and is likely to be completed later this year, with the chain‘s employee base rising to almost 10,000 as a result.
One Stop chief executive Tony Reed said the deal put Tesco in a “good position to help neighbourhoods thrive.” He said: “With the purchase of these stores, we can introduce One Stop‘s quality, great value, range and service to customers in new communities.
“We will also invest in store refurbishment to improve the shopping experience for our customers. One Stop is a growing business that revolves around people. We believe firmly in investing in our staff, helping them to develop their careers with the company. We look forward to working with these new stores.”
The Warrington based Spar Chain Alfred Jones has 49 convenience stores and 18 forecourt sites located primarily in the North West.
Tesco acquired One Stop Stores in 2003. The convenience chain operates as a separate business from the supermarket from a head office in Walsall in the West Midlands.