Booker snaps up Londis and Budgens

FOOD wholesale group Booker, which owns the Makro cash and carry chain, has announced a further move into convenience store retailing with a deal to buy the Londis and Budgens chain.

Booker, which acquired ailing Irlam-based Makro three years ago, said its £40m deal for Londis and Budgens, is conditional on the approval of competition authorities.

The group said the proposed deal for the loss-making chain, would help independent retailers and claimed consumers would benefit from lower prices too. It said it w... For the full story register now for free or login below...