Booker’s acquisition of Londis and Musgrave has been cleared by the Competition & Markets Authority (CMA). Booker said it now expects the deal to go through by 14th September.
Charles Wilson, Booker Group Chief Executive, said: “We are pleased that the acquisition of Londis and Budgens has been cleared by the CMA. This will help strengthen our support for independent retailers throughout Great Britain.”
Following the CMA verdict, Booker brought forward its latest trading announcement. The company reported a “good period” for the 10 weeks to 28th August with non-tobacco like-for-like sales up 0.5%. Tobacco sales have been depressed by the ban on small stores displaying tobacco products. Total sales in the 10 weeks to 28 August were down 2.0%, with tobacco 6.5% lower and non-tobacco up 0.1%.
Wilson added: “Our plan to Focus, Drive and Broaden Booker Group is on track. We continue to improve choice, price and service to become the best supplier to caterers, retailers and small businesses in the UK.”
