Page last updated at 13:59 GMT, Monday, 2 March 2009

Co-op completes Somerfield move

Co-op store exterior
The Co-op will become the UK's fifth largest food retailer

The Co-operative Group (Co-op) will complete its 1.6bn takeover of grocery chain Somerfield on Monday.

The takeover marks the end of Somerfield which began as a family grocery store in Bristol 130 years ago.

The Co-op will close the firm's Bristol HQ within 18 months and move staff to Manchester.

The grocery chain said it hopes to relocate "as many as possible" of the 750 employees affected in Bristol to Manchester.

Paul Mason, Somerfield chief executive, said he believed that the takeover would allow "the business to be transformed in a way that just couldn't have happened in the public markets".

The Co-op will take on more than 650 Somerfield stores to make it the UK's fifth largest food retailer behind Tesco, Asda, Sainsbury's and Morrisions.

Print Sponsor

Somerfield name likely to vanish
21 Oct 08 |  Bristol
Co-op buys Somerfield for 1.57bn
16 Jul 08 |  Business
Co-op keen to purchase Somerfield
17 Apr 08 |  Business

The BBC is not responsible for the content of external internet sites

Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit


Sign in

BBC navigation

Copyright © 2020 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Americas Africa Europe Middle East South Asia Asia Pacific