{"id":1284071,"date":"2023-10-09T21:10:32","date_gmt":"2023-10-09T20:10:32","guid":{"rendered":"https:\/\/www.businesstelegraph.co.uk\/tesco-buys-51-year-old-shop-chain-as-it-pledges-to-rebrand-all-stores\/"},"modified":"2023-10-09T21:10:32","modified_gmt":"2023-10-09T20:10:32","slug":"tesco-buys-51-year-old-shop-chain-as-it-pledges-to-rebrand-all-stores","status":"publish","type":"post","link":"https:\/\/www.businesstelegraph.co.uk\/tesco-buys-51-year-old-shop-chain-as-it-pledges-to-rebrand-all-stores\/","title":{"rendered":"Tesco buys 51-year-old shop chain as it pledges to rebrand all stores"},"content":{"rendered":"<p> <script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<!-- newscabal uk text -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:inline-block;width:728px;height:90px\"\r\n     data-ad-client=\"ca-pub-8162386273903324\"\r\n     data-ad-slot=\"3688094655\"><\/ins>\r\n<script>\r\n(adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<p>SUPERMARKET giant Tesco has bought a 51-year-old shop chain and promised to rebrand all the stores.<\/p>\n<p><a href=\"https:\/\/www.thesun.co.uk\/topic\/shoprite\/\">Shoprite<\/a> has been operating on the <a href=\"https:\/\/www.thesun.co.uk\/where\/isle-of-man\/\">Isle of Man<\/a> for more than 50 years and <a href=\"https:\/\/www.thesun.co.uk\/topic\/tesco\/\">Tesco<\/a> has said it will give a new look to all the nine stores in the next nine months.<\/p>\n<figure class=\"article__media\">\n<div class=\"article__media-img-container open-gallery\" data-index=\"28580\"><a href=\"#\"><img loading=\"lazy\" decoding=\"async\" alt=\"The Isle of Man's Shoprite stores have been bought by Tesco\" height=\"582\" width=\"949\" class=\"lazyload\" src=\"http:\/\/www.businesstelegraph.co.uk\/wp-content\/uploads\/2023\/10\/Tesco-buys-51-year-old-shop-chain-as-it-pledges-to-rebrand.jpg\" data-credit=\"Google\" data- data-img=\"http:\/\/www.businesstelegraph.co.uk\/wp-content\/uploads\/2023\/10\/Tesco-buys-51-year-old-shop-chain-as-it-pledges-to-rebrand.jpg?strip=all&amp;w=949\"  role=\"img\"\/><\/a><\/p>\n<p><span class=\"article__gallery-count-value\">1<\/span><\/p>\n<\/div><figcaption class=\"article__media-caption\"><span class=\"article__media-span\">The Isle of Man&#8217;s Shoprite stores have been bought by Tesco<\/span><span class=\"article__credit\">Credit: Google<\/span><\/figcaption><\/figure>\n<p>The majority shareholders of Shoprite, Deryck and Kevin Nicholson thanked their \u201cloyal\u201d staff and said the sale had been a \u201ccarefully considered\u201d decision.<\/p>\n<p>Tesco boss <a href=\"https:\/\/www.thesun.co.uk\/money\/21220349\/tesco-big-change-shoppers\/\">Jason Tarry<\/a> said the firm was committed to delivering &#8220;fantastic value&#8221; to shoppers on the island.<\/p>\n<p>Tarry added Shoprite had &#8220;built a fantastic <a href=\"https:\/\/www.thesun.co.uk\/topic\/business\/\">business<\/a> over many years&#8221; and he was &#8220;really pleased that we&#8217;ve reached this agreement&#8221;.<\/p>\n<p>Shoprite, which first opened in 1972, is one of the island\u2019s main employers and sells a mix of <a href=\"https:\/\/www.thesun.co.uk\/topic\/sainsburys\/\">Sainsbury\u2019s<\/a> products as well as fresh produce from Robinson\u2019s, a local business.<\/p>\n<p>Enterprise Minister Tim Johnston, responding to the announcement, said he understood there would be &#8220;a number of staff at risk outside the stores&#8221;.<\/p>\n<p>He added: &#8220;Whilst any announcements that result in job reductions are never welcome, I am heartened by the commitment from Tesco to retain the majority of staff in the immediate term and invest heavily in the existing store network over the next 12 months.\u201d<\/p>\n<p>Chief Minister Alfred Cannan said: &#8220;For many years the Shoprite brand has supported the growth of many local food producers by stocking their product lines, from locally produced meat, fish and vegetables, to ales, wines and spirits across over 150 local suppliers.<\/p>\n<p>&#8220;I am keen to see a similar local business partnership continue as Tesco takes over.&#8221;<\/p>\n<p>Shoprite has stores all around the island, including Castletown, Port Erin, Ramsey and Peel.<\/p>\n<p>Before the sale, Tesco only had one store on the island, in the capital Douglas, which opened in 2000.<\/p>\n<p>Meanwhile, a\u00a0<a href=\"https:\/\/www.thesun.co.uk\/fabulous\/fashion\/\">fashion blogger<\/a> did an <a href=\"https:\/\/www.thesun.co.uk\/fabulous\/24335386\/autumn-clothes-haul-tesco-range-hm-jumper-dresses\/\">autumn clothes haul<\/a> at Tesco and thought the range was chicer than H&amp;M.<\/p>\n<p><a href=\"https:\/\/www.thesun.co.uk\/topic\/bm-stores\/\">B&amp;M<\/a> has revealed it is <a href=\"https:\/\/www.thesun.co.uk\/money\/24342905\/bm-launches-huge-toy-sale\/\">launching a huge toy sale<\/a> so its customers can get ahead on Christmas shopping.<\/p>\n<p>Shoppers are racing to get their hands on \u00a310 <a href=\"https:\/\/www.thesun.co.uk\/uncategorized\/24329184\/shoppers-tesco-folding-camping-chairs-scanning-cheap\/\">folding camping chairs<\/a> which are scanning for just \u00a32.50 at the till.<\/p>\n<\/div>\n<p><script>\n      !function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod?\n        n.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n;\n        n.push=n;n.loaded=!0;n.version='2.0';n.queue=[];t=b.createElement(e);t.async=!0;\n        t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)}(window,\n        document,'script','https:\/\/connect.facebook.net\/en_US\/fbevents.js');\n      fbq('init', '752905198150451');\n      fbq('track', \"PageView\");\n    <\/script><br \/>\n<br \/><script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block; text-align:center;\"\r\n     data-ad-layout=\"in-article\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-client=\"ca-pub-8162386273903324\"\r\n     data-ad-slot=\"7859258044\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><a href=\"https:\/\/www.thesun.co.uk\/money\/24345824\/tesco-buys-shoprite-stores\/\">READ SOURCE<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SUPERMARKET giant Tesco has bought a 51-year-old shop chain and promised to rebrand all the stores. Shoprite has been operating on the Isle of Man for more than 50 years and Tesco has said it will give a new look to all the nine stores in the next nine months. 1 The Isle of Man&#8217;s [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1284072,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_oct_exclude_from_cache":false,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-1284071","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tesco buys 51-year-old shop chain as it pledges to rebrand all stores - Business Telegraph<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.thesun.co.uk\/money\/24345824\/tesco-buys-shoprite-stores\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tesco buys 51-year-old shop chain as it pledges to rebrand all stores - Business Telegraph\" \/>\n<meta property=\"og:description\" content=\"SUPERMARKET giant Tesco has bought a 51-year-old shop chain and promised to rebrand all the stores. 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