Tesco-owned convenience chain One Stop has acquired 33 stores from Spar retailer Alfred Jones Ltd.
The purchase, subject to regulatory approval, will bring the One Stop estate to 682 stores and is expected to be completed later this year. The Alfred Jones estate is located predominantly in the North West and comprises 49 convenience stores and 18 forecourt sites.
One Stop ceo Tony Reed said the purchase would strengthen the chain’s focus on community. “Having more than 20 years’ experience in the convenience market puts us in a good position to help neighbourhoods thrive,” he said. “With the purchase of these stores, we can introduce One Stop’s quality, great value, range and service to customers in new communities. We will also invest in store refurbishment to improve the shopping experience for our customers.”
Earlier this year, One Stop unveiled a franchise model for independent retailers, with a trial store currently in operation in Wiltshire.