Tesco acquires Budgens and Londis owner Booker for £3.7bn

Fri, 27 Jan 2017 | BUSINESS SALE

UK supermarket giant Tesco is to buy food wholesaler and convenience store owner Booker Group for £3.7 billion as it steps into the restaurant and takeaway food sectors.

Booker is the UK’s largest cash-and-carry operator, supplying products including fresh and frozen food to thousands of shops, grocers, pubs and restaurants across the country.

It also owns a number of convenience store brands, including Premier, Family Shopper, Budgens and Londis.
Tesco, already the largest supermarket group in the UK, said the deal will create the "UK's leading food business". Its shares went up 10 per cent on the back of the news.

"Wherever food is prepared and eaten - 'in home' or 'out of home' - we will meet this opportunity with the widest choice and best service available," said Tesco chief executive Dave Lewis.

“This merger with Booker will further enhance Tesco’s growth prospects by creating the UK’s leading food business with combined expertise in retail, wholesale, supply chain and digital.”

Some analysts said they thought the deal could face a challenge from competition authorities.

James Lowman, chief executive of the Association of Convenience Stores, told the BBC the deal is "hugely significant".

"Some retailers will welcome this news, others will be concerned about competing with stores supplied through the merged Booker and Tesco business, and some will be uneasy at the prospect of working in partnership with one of their biggest historical competitors."

Find retail businesses for sale.


Share this article



Latest Businesses for Sale

Luxury Kennels & Cattery
Yorkshire and the Humber, UK

Luxury kennels and cattery with professional grooming parlour (licensed for 142 dogs and 26 cats) in Peterborough for Sale. An opportunity to acquire this luxury kennels and cattery with stunning spacious four bedroom detached residence which must be...

Asking Price: £1,500,000
Turnover: £522,542

LEASEHOLD


Haulage Business
South Wales, Wales, UK

The business has been established for a number of years and has been owned and operated by the founder since that date. Offers invited.

Asking Price: £850,000
Turnover: £2,595,443

FREEHOLD


Bar & Function Room
Ilkley, Yorkshire and the Humber, UK

Situated in the heart of Ilkley town centre just off the busy Brook Street. The yard is a stylish bar offering a wide range of drinks, good, quality food, music with varied DJ’s and live artists all encompassed in an interesting layout. Offers invite...

Asking Price: £775,000
Turnover: £600,000

FREEHOLD



View more businesses for sale

News Search

Latest News

 
22
 
Mar
 

Scunthorpe nightclub up for sale | BUSINESS SALE

A former nightclub based in Scunthorpe has been put up for s...

 
21
 
Mar
 

Kent Logistics provider completes a successful acquisition | BUSINESS SALE

A Kent-based personalised logistics provider, backed by Livi...

 
20
 
Mar
 

Warrington construction company enters administration | ADMINISTRATION

A prominent construction business headquartered in Orford Gr...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
14
 
Mar
 

Outsourcing giant plans £700m asset sale | DIVISION SALE

One of the country’s largest outsourcing players, Capi...

 
19
 
Apr
 

Tesco selling optician business to Vision Express | BUSINESS SALE

Tesco is to sell its in-store optician business to Vision Ex...

 
20
 
Jun
 

Tesco speculated to be selling coffee shop chain Harris + Hoole | DIVISION SALE

With the sale of the Dobbies Garden Centres chain announced ...

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