Spar’s wholesaler owner to consider sale and break-up

Wed, 09 Aug 2017 | BUSINESS SALE

International retail chain Spar could be heading for a break-up as its owner considers selling its wholesale arm in a deal worth £100 million.

AF Blakemore, the group that supplies many of Spar’s UK locations, is examining the possibility of selling its wholesale business after hiring financial advisers at KPMG to explore a deal.

The 100-year-old family business began in a single shop in Wolverhampton and is chaired by Peter Blakemore.
The Telegraph reports that Bestway, currently UK’s fifth largest wholesaler, has expressed an interest in buying the business to boost its profile in a market that is changing rapidly.

While Bestway currently boasts annual sales worth £2.5 billion, other players are quickly entering the wholesale market: Tesco recently took over Booker, one of Bestway’s rivals, in a £3.7 billion deal that was described by Bestway's managing director, Martin Race, as "painful" for the rest of the sector.

That move in turn has made waves in the wholesale sector, including urging Morrison’s to sign a deal to supply another convenience chain, McColl’s.

AF Blakemore itself made sales of £1.3 billion last year but only brought in £7.6 million pre-tax profits, indicative of the industry’s small margins.

The firm operates 13 cash and carry depots across the UK, with a head office in Wolverhampton Science Park.

Spar itself owns 290 retail branches around the country, while AF Blakemore supplies more than 1,000 Spar convenience stores including franchised locations.

AF Blakemore splits its ownership of Spare with four other regional distributors located in England.

Subscribe to Business Sale Report here.


Share this article



Latest Businesses for Sale

High-End Golf Equipment Supplier
UK Wide

Successful company operating for over 17 years. Provides a comprehensive range of golf equipment to satisfy all customer requirements, comprising clubs, clothing, bags, trolleys and complementary accessories. Significant scope to invest additional re...

Asking Price: Offers Invited
Turnover: £7,514,000

LEASEHOLD


Commercial Fit-Out & Facilities Management & Maintenance Services
UK Wide

Offers a comprehensive range of services, specialising in the project management and construction management of commercial fit-out projects. Operates from several strategically located premises in South England. Offers invited.

Asking Price: Offers Invited
Turnover: £4,201,901

LEASEHOLD


A LEADING PROVIDER OF SPECIALISED MOBILE DATA SOLUTIONS
South East, UK

Provides mobile data network solutions and services to businesses operating within a wide variety of sectors. Services include data SIMs with a fixed IP address, dynamic data SIMs, integration services, VoIP and virtual numbers. Serves over 790 activ...

Asking Price: Offers Invited
Turnover: £1,254,781

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
14
 
Aug
 

Trafford Centre up for sale after Intu administration | COMMERCIAL PROPERTY

Manchester’s Trafford Centre shopping mall is up for s...

 
13
 
Aug
 

Administrators bring three former Shepherd Cox Group hotels to market | DIVISION SALE

Administrators have put three hotels in the North of England...

 
12
 
Aug
 

Baird Group to close stores as CVA is approved | BUSINESS NEWS

Retailer and wholesaler Baird Group, the license holder for ...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
14
 
Aug
 

Trafford Centre up for sale after Intu administration | COMMERCIAL PROPERTY

Manchester’s Trafford Centre shopping mall is up for s...

 
13
 
Aug
 

Administrators bring three former Shepherd Cox Group hotels to market | DIVISION SALE

Administrators have put three hotels in the North of England...

 
12
 
Aug
 

Baird Group to close stores as CVA is approved | BUSINESS NEWS

Retailer and wholesaler Baird Group, the license holder for ...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources