Waitrose to sell five supermarkets

0
waitrose
Photo: Elisabetta C/Google Maps

Waitrose has announced the sale of five supermarkets, potentially affecting 440 jobs.

The shops at Ashbourne, Derbyshire; Barry, Vale of Glamorgan; Blaby, Leicestershire; Teignmouth and Torquay in Devon are to be closed in June.

Waitrose said sale contracts were exchanged with various parties, but details of the arrangements are not yet finalised. The sale of these shops is expected to be completed in June, it added.

Ben Stimson, retail director at Waitrose, said the shops are “not commercially sustainable” in the long term.

Except for the Ashbourne, all shops will be closed “for an extended period” to undertake work to the sites. Plans for Ashbourne is expected to be shared sooner.

Staff at these shops will face redundancy.

“Our priority is our Partners working in those shops who will be fully supported throughout the process and we will identify opportunities for those wishing to remain with the business wherever possible,” added Stimson.