Lincolnshire

Lincolnshire Budgens stores safe from closure

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Lincolnshire Budgens stores are safe from closure despite the brand losing 34 stores nationwide.

Stores in Waddington, Woodhall Spa and Bourne will be unaffected by the closures, which are only impacting on stores run by FROL.

The Lincolnshire stores are owned by Bookers, which is currently in the process of being taken over by Tesco.

Across the 34 FROL-owned Budgen stores outlined for closure, more than 800 people across the country have been made redundant.

The company had been experiencing ‘difficult trading conditions’ since it was purchased by FROL from the Co-op last year.

Nine stores have already closed with another 25 to follow over the next two weeks.

Mike Denny, joint administrator at PwC, said: “Unfortunately, we have been unable to find a buyer and it is not commercially viable to continue trading the stores.

“We are working closely with the Co-op, USDAW and the relevant government agencies to ensure that all employees receive the maximum levels of practical and financial support through the redundancy process.”