Eight Alldays stores sold to Scotmid

SCOTMID has taken control of eight Edinburgh-based Alldays stores as part of the acquisition of the chain by the Co-operative Group. This major expansion for Scotmid takes its...

SCOTMID has taken control of eight Edinburgh-based Alldays stores as part of the acquisition of the chain by the Co-operative Group.
This major expansion for Scotmid takes its portfolio to over 70 food stores throughout Scotland employing nearly 1,850 people.
Colin Bird, Chief Executive of Scotmid, said: "The acquisition of Alldays by the Co-operative Group meant that we had the opportunity to purchase some of the stores in our operating area.
"I am pleased that we have been able to acquire some excellent outlets which will bring significant growth to the Scotmid product, especially in Edinburgh."
The society has already announced that it will be closing one of the Alldays stores and a Scotmid branch because of the close proximiety to other stores after the acquisition.
Mr Bird commented: "Our acquisition means that we have to make specific changes due to the closeness of two Scotmid stores to two Alldays stores in Edinburgh. Unfortunately, we will have to close the Alldays store in Drumbrae. The seven Alldays staff will be offered similar positions in the Edinburgh area.
"Additionally, the Scotmid store in Nicolson Street, Edinburgh will close towards the end of February with the Alldays store in Nicolson Street being rebranded Scotmid at the same time.
"The main reason for this is the fact that the Alldays store has a licence to operate as a 24 hour convenience store. Therefore this will be the first time that any Scotmid store will be open round the clock. The 27 staff at Scotmid, Nicolson Street, have again all been offered similar positions in Edinburgh."
The eight stores were officially transferred to Scotmid on 4th February and the programme to rebrand the branches will start in two weeks time on 23rd February finishing at the end of June.
Scotmid recently announced strong interim results for the first 32 weeks of its financial year (to 6 September 2003) which showed net assets in excess of &#163 84m, a 12 per cent increase on the same period last year.
The society has over 160 outlets in Scotland and Northern Ireland, selling quality products ranging from food and household items to health and beauty products through the Semi-Chem stores.
In addition the property department plays a vital role in the growth of Scotmid with an extensive portfolio including high quality commercial and domestic properties. Scotmid are also one of the largest funeral directors in the country.
The company is one of Scotland&#039s biggest employers with over 3,600 staff and are now established as one of the country&#039s top twenty companies.

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