Sainsbury’s acquires convenience store operator
Sainsbury’s has announced the acquisition of SL Shaw Ltd, a move that increases the count of its convenience stores to 262.
02/05/05 Sainsbury’s has announced that it has acquired SL Shaw Ltd, a long established neighbourhood convenience store operator with five stores in the south east of England.
For the financial year ended 31 May 2004, SL Shaw’s turnover was £11 million and the value of net assets acquired was £0.4 million.
After a programme of refurbishment, the five stores will convert to the Sainsbury’s Local format, combining Shaw’s excellent reputation and customer service with Sainsbury’s expertise in fresh and convenience foods.
Sainsbury’s now has 262 convenience stores in its store portfolio.
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