The Co-operative Group has acquired six convenience stores from My Local for an undisclosed sum, after the chain entered administration last week.
The stores are in Croydon, Nottingham, Widnes, Blackpool, Stockport and Steeton. Two other former My Local stores, in Addlestone, Surrey, and Holbury in Hampshire, were recently acquired by The Southern Co-operative.
Steve Murrells, chief executive for retail at Co-operative Food, said: “The Co-op Food business is moving forwards with a clear purpose and momentum, so we can deliver a compelling, convenient and co-operative shopping experience for millions of shoppers each day.
“Our acquisitions programme is fundamental to the success of this strategy. In the last two years we have opened close to 200 new stores, and in 2016 the Co-op is actively pursuing 100 new stores as well as carrying out refits in a further 150.
“The acquisition of these My Local stores supports our focus on convenience store retailing and adds to a portfolio that offers the right range in the right location.
“Our strategy is clearly working, as is evident from our recent results and continued positive like for like sales growth.”
KPMG Restructuring has been appointed administrator of My Local. Ninety of the chain’s 125 stores have now closed.