MON 25TH MAR 2019

RSS:

Bringing the family business community together

Acquisition For A.F. Blakemore & Son

19th February 2019 Paul Andrews

A.F. Blakemore & Son Ltd has announced the purchase of the Philpotts chain of prepared-food stores, following the administration of parent company Patisserie Valerie. 

The move sees the £1.1bn family-owned food and drinks business acquire the 21 Phillpotts stores located across the UK whilst securing the jobs of 210 Philpotts employees and adding to A.F. Blakemore’s existing retail, wholesale and growing food service offer. 

The acquisition is part of A.F. Blakemore’s strategy to expand the business in line with the first of its core consumer missions ‘food for now’. Following the divestment of its cash and carry division in 2018, the addition of the Philpotts stores enables A.F. Blakemore to advance the development of this offer.

Core to the company’s values is the desire to build a business that delivers a significant and positive contribution to the communities it serves. 

A.F. Blakemore Chairman Peter Blakemore said, “It was important to reach an agreement that enabled us to keep the 21 Phillpotts stores open and secure the future of the 210 jobs for employees currently across the UK."

“Bringing Philpotts under A.F. Blakemore ownership enhances our current retail offer and is aligned with our strategic retail and food service plan. Our experience and knowledge of the food service and convenience sectors brings significant opportunities to develop the brand, whilst taking elements of the Philpotts offer into our wider business.” 

 

Tags

Supporting Links

N/A

Assets

N/A

Related News

Beaverbrooks' Chairman Becomes High Sheriff

In its centenary year, Beaverbrooks is proud to announce that its chairman has been chosen by Her Majesty the Queen to become the next High Sheriff of Greater Manchester.  Read More

JCB Loadalls Limber Up At Australian Grand Prix

JCB Loadall telescopic handlers were under starter’s orders at the Australian Grand Prix this weekend as the company kicks off its exciting partnership with a new British motor racing team. Read More

South Lodge Opens New Spa

Exclusive Hotels & Venues, whose portfolio includes renowned properties such as Pennyhill Park Hotel & Spa and The Manor House, is thrilled to announce the opening of the brand new spa at South Lodge. Read More

comments powered by Disqus