In brief: Retec wins contract with Morrisons; Jobs go at Corus

RETEC Digital – which specialises in selling products to retailers to help boost turnover – has a won the contract to supply photo booths to Morrisons Supermarkets

The Leicester-based company already supplies customers including Sainsbury’s, Tesco, Boots and Argos.

Retec Digital won the contract following the collapse of CVD group which went administration in September.

Retec paid a consideration of £450,000 in cash for the trading assets associated with the Morrisons contract.

Retec cheif executive John Cole said: “We are delighted with the acquisition of the Morrisons’ Contract, which will provide a number of synergies with our existing field engineering team. Through this transaction we are able to provide a more comprehensive and efficient field engineering service to all our customers across the UK.”

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TESCO is launching a new store in Harrogate – the only mainland UK postcode area where it has had no presence.

A new 3,500 sq ft Tesco Express is due to open in the town centre this winter after a deal brokered by the Northern In-Town Retail Team at Leeds-based property consultants, King Sturge.

Tesco has agreed a 15-year-lease on the Cambridge Road premises with King Sturge which was acting for the owner, the London-based Norwich Property Trust, a fund of Aviva Investors.

Tesco used to have a store in Station Parade, Harrogate, on a site close to the current Habitat, but it closed more than 25 years ago.

The company operates more than 2,300 stores worldwide of which about 1,900 are in the UK, with approximately 260 in the rest of Europe and around 180 in Asia.

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THE ECONOMIC downturn has claimed more jobs as steel giant Corus announced plans to cut 400 posts from its distribution business, including 50 in Leeds.

The proposed job losses will also include 100 in the West Midlands, almost 100 in Shotton, North Wales, and 50 in South Wales.

The company said that since the start of the year, its distribution business had been operating in a “volatile and fluctuating” market.

Corus said it will start an immediate consultation with workers and will try to achieve the job losses through voluntary redundancy.