Tesco's One Stop buys 33 Alfred Jones shops
Tesco¬ís convenience store chain One Stop Stores has acquired 33 shops from convenience retailer Alfred Jones as part of its long-term growth strategy.
The purchase will bring One Stop’s total number of stores to 682 across England and Wales, and grow its employee base to almost 10,000. The acquired stores are based in the North West of England. The deal is conditional upon regulatory approval and is expected to complete later in the year.
One Stop chief executive Tony Reed said: “Having over 20 years’ experience in the convenience market puts us in a good position to help neighbourhoods thrive. 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. “We’re delighted to welcome the store staff to our team. 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.”
Alfred Jones, which operates under the Spar fascia, has 49 convenience stores and 18 forecourt sites located predominantly 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.
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