FENLAND: Musgrave snap up Somerfield in Chatteris but could Morrison take on Wisbech?
SOMERFIELD store in Chatteris has been sold to the Irish food chain Musgrave whose main brands include Budgens, Londis, and Mace. And there is growing speculation that another Fenland branch of Somerfield, in the Horse Fair at Wisbech, may become either a
SOMERFIELD store in Chatteris has been sold to the Irish food chain Musgrave whose main brands include Budgens, Londis, and Mace.
And there is growing speculation that another Fenland branch of Somerfield, in the Horse Fair at Wisbech, may become either a Morrisons or Sainsbury supermarket.
Musgrave operates many of their food brands as franchises and have snapped up the Chatteris store as part of the sale conditions imposed by the Government of Somerfields to the Co-op.
In total 133 Somerfield stores caused the Office of Fair Trading concerns over competition issues and ordered their sale as part of the �1.6 billion deal that sees some 650 Somerfield stores transferred.
You may also want to watch:
Also in Cambridgeshire there could be pressure on Co-op to sell off their Wisbech store and industry observers expect this could become either a branch of Sainsbury or Morrison.
However that means the Somerfield stores in March and Whittlesey moving comfortably to their new owners.
Most Read
- 1 Woman threatened for not wearing mask describes fear for safety
- 2 Man in critical condition after single-vehicle crash
- 3 Fen farm on more than 200 acres of land up for sale for £2.2million
- 4 'Software error' blamed for town council election mix up
- 5 Podcast revisits the mysterious missing case of Terry McSpadden
- 6 110-year-old church gates reappear following £400 makeover
- 7 Five fire crews called to building blaze
- 8 Historian who wrote 126 books and spent 64 years bellringing dies aged 90
- 9 Heated dining pod and covered decking area at restaurant after garden makeover
- 10 Norfolk has no Covid patients in critical care for first time in six months
Co-op is expected to take up to two years to fully integrate the Somerfield stores and that will include closing the Somerfield head office in Bristol as the Co-op expands its Manchester base.
Somerfield chief executive Paul Mason said: "It's not been easy, but I really believe that the take private of Somerfield has allowed the business to be transformed in a way that just couldn't have happened in the public markets. I am thrilled to see the revitalised Somerfield going into such good hands.
