Friday, August 12, 2022

Spar parent company acquires seven My Local stores

The parent company of convenience store chain Spar has announced it has purchased seven My Local outlets, two weeks after the latter went into administration.

Blakemore Retail’s acquisition of the seven stores also comes a week after the Co-op mutual said it would snap up six outlets of the collapsed chain.

The My Local stores sold off to Blakemore Retail are located in Rhyl, Rugeley, Essex, Cardiff, Chatham, Lambeth and Witham.

“I am confident the seven new stores will prove to be a fantastic addition to the business and I am delighted to welcome the staff and management teams to Blakemore Retail,” managing director Geoff Hallam said in a statement.

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The purchased stores are in the process undergoing a rebrand and will be merchandised to a Spar format, with the aim to be trading in the next few days.

Only 32 My Local stores remain open, with 93 now either closed down or sold off.

Since Morrisons sold My Local to Greybull Capital in September last year, it has faced sharp competition and has been unable to return the business to profit.

Before it went into administration, the convenience store retailer employed 1658 people in 125 trading stores across the UK.

For stores where no buyer is found, Morrisons has said it would welcome its My Local employees back to a job at their company.


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