815 staff to lose jobs as owner of 34 Budgens stores fails
 

http://news.sky.com/story/pwc-815-st...fails-10793405

http://e3.365dm.com/17/03/206x116/4c...20170307090805

Administrators say 815 people are to lose their jobs after the owner of 34 Budgens-branded stores collapsed.

The announcement was made just nine months after Food Retailer Group - part of restructuring specialists, Hilco - bought the stores from the Co-op.
It had blamed poor trading for the failure.

It had blamed poor trading for the failure.

no sh1t

The stores affected are located in: Aberystwyth, Blackburn, South Benfleet, Ludlow, Weoley Castle, Norwich, Dagenham (Becontree), Greenwich (London), Sydenham (London), Northumberland Heath, Watton, Buckley (Brunswick Road), Prestwick, Crewkerne (Falklands Square), Helston (The Parade), Cardigan (Lower Mwldan), Totnes (Fore Street), Shaftesbury (Bell Street), Christchurch (Saxon Square), Rochford (Roche Close), Basingstoke (Winklebury Way), Tiverton (Market Walk), Gillingham (Kent), Southall (London), Littlehampton (Wick Street), Sherwood (Mansfield Road), Newport (Shropshire), New Invention (Shropshire), New Brighton, Wisbech, St Neots, Paisley, Monmouth (Oldway Centre), Weymouth (Littlemoor Road).

Never heard of them

The problem is McColls and Nisa
have their own brand food sold in both stores
called Heritage
matching or cheaper than Tesco.


Some small Co-Op's
have been sold to McColls
changing overninght

Co - Op Bank Ethical
Failed - never worked
so its pulling down the whole
of the Co-Op

Its been around for a long time
but only in certain places


And this is Bad news:
Joint administrator, Mike Denny, said: "Unfortunately, we have been unable to find a buyer and it is not commercially viable to continue trading the stores."

The supermarket cartel are getting their claws deeper, soon there will only be a handful of stores all selling the same soylent green at ever inflating prices.

who?

Don't think I've ever heard of them, but sad that more job cuts are occurring.

Sure Kizzy
except Aldi and Lidl.

Mmmmmmmmmm soylent green..............

I seriously read that as Owner Bludgeons staff :worry:

Oop brexit

'The 20th century's industrialization leaves the world overcrowded, polluted and suffering global warming due to "the greenhouse effect".[2] In 2022, with 40 million people in New York City, housing is dilapidated; homeless people fill the streets; many are unemployed, the few "lucky" ones with jobs are only barely scraping by, and food and working technology is scarce. Most of the population survives on rations produced by the Soylent Corporation, whose newest product is Soylent Green, a green wafer advertised to contain "high-energy plankton" from the World Ocean, more nutritious and palatable than its predecessors "Red" and "Yellow", but in short supply.'

Life imitates art.

https://en.wikipedia.org/wiki/Soylent_Green

Yes Kizzy
it a clever future Shocker.

We had our Co-op taken over by Budgens , it's been there a couple of months and it closes altogether tomorrow,they are even selling the fixtures and fittings, it was never busy as prices were so high , not surprised it failed , it had a 'Happy Shopper' section but that was cheap and tacky ,the rest of the goods you could get for the same price or less at Waitrose, we have only two supermarkets now which are Waitrose and Aldi.