Londis (United Kingdom)
 Logo used since 2009 | |
 | |
| Company type | Private |
|---|---|
| Industry | Retail |
| Founded | 1959 |
Number of locations | 1,833 (2024) |
Area served | United Kingdom |
| Products | Groceries |
| Parent | Tesco[1] (via Booker Group[2]) |
| Website | www |
Londis is a symbol group in the United Kingdom with over 2,000 stores nationwide. Tesco owns the brand, following its 2018 purchase of Booker Group.[3][2][1]
Although it was formerly a subsidiary, the Londis brand in Ireland is no longer related to Londis (UK).
Etymology
[edit]The name Londis is a contraction of "London District Stores".[4]
History
[edit]Foundation
[edit]
Londis was established in Great Britain in 1959 by Kevin Stanley-Adams as a communally owned company, with each retailer owning a share in the parent company.[4]
Acquisition by Musgrave Group
[edit]However, in June 2004, the parent company was sold to the Irish Musgrave wholesale chain with a payment of £31,000 being made to each retailer who owned a stake,[5] bringing it under the same ownership as Budgens, which has now adopted a similar franchise based business model. This acquisition proved controversial,[6][7] with the CEO of Musgrave in the United Kingdom, Eoin McGettigan, steering through the choppy waters of member revolts and counter offers from others backed by Icelandic banks.[8] A separate, but wholly owned subsidiary company, Musgrave Retail Partners GB Ltd. was formed to supply the stores, until it was sold to Booker Group in 2015.[9] In May 2015, Londis' parent company Musgrave Group confirmed it had reached an agreement to sell Budgens and Londis for £40 million to the wholesaler Booker Group, subject to regulatory approval.[2]
Acquisition by Booker Group
[edit]Since May 2015, the company has been owned by Booker Group, which purchased Londis and its sister company Budgens from the Musgrave Group for £40 million.
Tesco plc acquired Booker Group in 2018.[1]
Operations
[edit]The current Londis retailer network is in excess of 2,200 stores and forecourt shops located throughout England, Scotland and Wales.[10]
References
[edit]- ^ a b c "Tesco and Booker merger". 29 January 2020.
- ^ a b c "Booker Group to buy Budgens and Londis". BBC News. 21 May 2015. Retrieved 21 May 2015.
- ^ "Booker Retail Partners (GB) Limited". Endole. Retrieved 2 August 2016.
- ^ a b "Londis - Grocery.com". Perpetual Media Group. 14 September 2011. Retrieved 10 October 2018.
- ^ Muspratt, Caroline (23 June 2004). "Londis retailers back Musgrave's windfall takeover". Telegraph. Retrieved 2 August 2016.
- ^ Pratley, Nils (19 January 2004). "Trouble in store". The Guardian. Retrieved 10 October 2018.
- ^ "Anger over Londis directors' payout". Manchester Evening News. 12 August 2004. Retrieved 10 October 2018.
- ^ "Londis deal sees shopkeepers ring up £30,000 each". The Guardian. 23 June 2004. Retrieved 10 October 2018.
- ^ "Booker Group completes £40m acquisition of Londis and Budgens". Retail Week. 14 September 2015. Retrieved 10 October 2018.
- ^ "Exclusive: Londis reaches 2,000 stores after fall of Conviviality". betterRetailing. 9 May 2018. Retrieved 18 August 2020.
External links
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- 1959 establishments in the United Kingdom
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- British companies established in 1959
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