Booker: Budgens And Londis Integration 'Making Good Progress'
Published on Apr 5 2016 7:37 AM
Close to one year on from the takeover of the Budgens and Londis convenience brands from Musgrave Group, UK wholesaler Booker has said it has made 'good progress' with the integration of the businesses into its operating model.
The company made the announcement in its Q4 trading update, covering the 12 weeks to 25 March, in which it saw group sales, including Budgens and Londis, rise by 10.6% compared to the same period last year.
Like-for-like sales, however, excluding the two businesses, saw a sales decline of 2.5%.
“Overall, 2015/16 was a good year," said Booker chief executive Charles Wilson. "Customer satisfaction scores were strong, sales and profits were the best we have ever achieved. We made good progress on the integration of Londis and Budgens. We continue to improve choice, prices and service to our customers. Booker Group remains on track to Focus, Drive and Broaden the business.”
Musgrave announced in May 2015 that it was selling Budgens and Londis, and thereby its GB operation, to Booker, with the deal gaining competition approval last September.
© 2016 - Checkout Magazine by Stephen Wynne-Jones