Londis (United Kingdom)

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Company type
Private
IndustryRetail
Founded1959
Number of locations
1,833 (2024)
Londis
Company type
Private
IndustryRetail
Founded1959
Number of locations
1,833 (2024)
Area served
United Kingdom
ProductsGroceries
ParentTesco[1] (via Booker Group[2])
Websitelondis.co.uk

Londis is a British chain of convenience stores operating as a symbol group in the United Kingdom with over 2,400 stores nationwide.[3] Founded in 1959, the brand serves as a voluntary wholesaler and chain for independent retailers. Since 2018, it has been a subsidiary of Tesco PLC following the acquisition of its parent company, Booker Group. Although it was formerly a subsidiary, the Londis brand in Ireland is no longer related to Londis (UK).

Foundation

The name Londis is taken from “London District Stores”, combining parts of “London” and “district” into a shorter, more convenient form.[4]

The brand was founded in 1959 by Kevin Stanley-Adams and John Leach[5] as a communally owned company, with each retailer owning a share in the parent company.[6]

A Londis in Littletown, West Yorkshire

Acquisition by Musgrave Group

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,[7] bringing it under the same ownership as Budgens, which has now adopted a similar franchise based business model. This acquisition proved controversial,[8][9] 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.[10] 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.[11] 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

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

The current Londis retailer network is in excess of 2,200 stores and forecourt shops located throughout England, Scotland, Wales [10] and the Republic of Ireland.

Controversies

References

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