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Retail Spotlight - Haldanes in Administration

 

Posted At: 20 June 2011 17:10 PM
Related Categories: Administrations, Retail, Store Closures

 

Following the recent news that Haldanes has collapsed into administration; we bring to you highlights of the administration:

On 9th June 2011 - Haldanes filed for an administration order, with the owners blaming the Co-op for its woes. In a statement, chief executive Arthur Harris assured that Haldanes Stores and Ruston Retail are the holding companies for the stores’ groups, and all the stores are unaffected and will remain open

On 20th June 2011 - The grocer has closed all its 23 shops after the owners filed an administration order. It is expected four will reopen

History of Events
On 6th November 2009 – Starting with four former Co-operative sites in Scotland, Haldanes Stores set up a new nationwide chain of supermarkets

On 17th November 2009 - The Company, announced the opening of its first store at Prestonpans, took over four ex-Somerfield outlets in Scotland and had plans to expand the chain

On 2nd December 2009 – Haldanes announced the acquisition of 13 new outlets across the UK purchased from Co-operative Group following its £1.6 billion Somerfield buyout

On 15th Jan 2010 - Haldanes acquired a further eight stores from the Co-operative Group, with the transfer of 245 staff

On 27th Jan 2011 – Haldanes announced the launch of a new fascia, “Ugo”, which comprised 20 of the Netto stores Asda had to sell off as part of its £778m acquisition

On 12th May 2011 – Legal actions broke out between the Co-operative Group and Haldanes over the former Somerfield stores bought from the Co-op in early 2010

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Retailer Profile – Haldanes
Haldanes Stores specialise in fresh, locally sourced products, has 23 supermarkets located throughout Scotland and England and employs around 600 people across the UK

It was announced in June 2011 that Haldanes Stores Limited and Ruston Retail Limited had filed for an administration order. All stores have been closed, although it is expected that four will reopen.

Could the business have been rescued?  Let us know what you think…

 

 

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