Irish supermarket group Musgrave has reported a 17 per cent rise in
year-end sales to €4.4bn, bolstered by the acquisition of Britain's
Londis convenience store chain.
After seven months of uncertainty, Londis retailers last week voted
massively in favour of the sale of the group for £60 million to
Musgrave, the Irish company that owns Budgens in the UK. A victory
for the Londis management, which...
Just days before shareholders in symbol group Londis are due to
vote on a £60 million offer for the group, one of the potential
rival bidders, the Co-op, ruled itself out of the running. The way
now seems clear for Irish group Musgrave...
The future of Londis, the British convenience store operator,
remains uncertain after the company's board failed to reach
agreement earlier this week on the best way forward for the
company.
This year has been one the most hectic in recent times for the
British supermarket sector, what with the year-long Safeway
takeover battle, Tesco and Co-op strengthening their positions in
the convenience store sector, Somerfield...
With the Safeway takeover bid dominating the headlines for nearly a
year, the rest of the UK retail sector has been somewhat
overlooked. But there has been plenty of activity over the last few
months, in particular in the convenience...
