post-title More than 30 Budgens stores to close

More than 30 Budgens stores to close

More than 30 Budgens stores to close

A chain of Budgens stores has failed to find a buyer and will close, with the loss of 800 jobs.

The owner of the 34 stores affected – a third of Budgens outlets – was put in administration a month ago after hitting “difficult” trading conditions.

The administrators, PwC, said they had failed to find a buyer and were looking for firms to take over stores’ leases.

The stores, run by FROL, are spread around the country, from Dorset to Norfolk to Scotland.

FROL’s chain was 72-strong, but the remaining stores were not actively trading. It also included the headquarters of the old Somerfield supermarket chain.

The stores were bought from the Co-op in July 2016.

Nine of the 34 closed at the weekend and the remaining 25 will shut for good over the next two weeks.

Read More Here

About Are You In Ltd

Using the best marketing tools and advanced techniques we focus on positive results. Our business model is built on traditional foundations. We are more than just a modern and localised directory service. We are honest, we work hard, and we are here to support you, your business and local residents every day. www.AreYouInLtd.co.uk