Booker news

05 March 2018
Tesco and Booker have confirmed that their merger has become effective as of 8am on 5 March 2018, following court approval. Resounding 'yes' vote from both sets of shareholders The completion of the merger follows a resounding vote in favour of the deal last week, with 85% of Tesco shareholders and 83% of Booker shareholders backing the merger. The merger will result in a vertically-integra...
28 February 2018
Shareholders of Tesco and Booker have backed their boards and voted in favour of merging the two businesses. Resounding 'yes' vote from both sets of shareholders 85% of Tesco shareholders and 83% of Booker shareholders backed the merger, which is now expected to be completed on March 5th having already received clearnace from the UK Compeition and Markets Authority. The merger will craete a...
22 February 2018
Booker has now opened its first implant within a Tesco store so we popped in to check it out.  Located in the Tesco Extra hypermarket at Bar Hill, Cambridge, the Chef Central unit occupies approximately 10,000 sq ft (930 sq m) partitioned off in one of the front corners of the store. Source: IGD Research Effectively a separate trading unit, it has its own entrance, welcome desk and til...
06 February 2018
In a first indication of how Booker and Tesco may develop joint projects going forward, Booker to is to open a Chef Central store-within-a-store in one of the largest Tesco stores at Bar Hill, Cambridge. To open late February This first trial implant will open before the completion of the proposed merger (currently expected to occur on 5 March), and will be operated on an 'arm's length' bas...
11 January 2018
Booker, the leading UK food & grocery retailer shortly to merge with Tesco, has announced trading figures for the 16 weeks to 29 December, showing a step up in performance versus Q2 with total sales increased by 3.4%.  Like-for-like sales proved even stronger with growth of 3.8%. Tobacco decline slowing After sharp falls in tobacco sales in the previous two quarters, this category was down ...
20 December 2017
The UK Competition and Markets Authority (CMA) has published its final findings on the potential competition effects of the merger between Tesco and Booker, the UK's largest grocery retailer and the UK's largest grocery wholesaler respectively.  Reiterating the findings of the provisional report in November, this report gives the formal go-ahead for the deal, which will create a business with joi...
19 December 2017
It has been announced that Booker Retail Partners, the delivered arm of leading UK grocery wholesaler Booker, has secured the contract to supply 370 (out of 491) forecourt stores operated by MRH the country's biggest independent fuel dealership.  This is the second significant customer gain for Booker in the forecourt sector, in the aftermath of the collapse of Palmer & Harvey, which was the bigg...
18 December 2017
In the aftermath of the collapse of its key supply partner, Palmer & Harvey, the oil company Shell has awarded Booker the contract to supply grocery products into its national network of fuel forecourt stores.  The deal will run for 3 years, and will see Booker delivering product into some 540 sites across the UK. The largest oilco owned/operated network While recent years have seen major o...
30 November 2017
Following the announcement that the UK's largest delivered wholesaler Palmer & Harvey is now in administration, PwC, the administrators, have advised the company's customers that it cannot provide any further wholesale service and that even orders placed before the administration cannot now be honoured.  Therefore customers "will need to arrange an alternative source of supply going forward."   ...
14 November 2017
The UK Competition and Markets Authority (CMA) has published the provisional findings of its stage two, in-depth investigation into the proposed merger between Tesco, the UK's largest grocery retailer, and Booker, the UK's largest grocery wholesaler.  In its conclusion the CMA states "We provisionally conclude that the Merger may not be expected to result in a serious lessening of competition wi...