Belfast Telegraph

815 lose jobs as dozens of Budgens shut

By Ravender Sembhy

More than 800 jobs around the UK have been lost after the owner of 34 Budgens stores collapsed into administration.

Food Retailer Group, an arm of business restructuring specialists Hilco Capital, appointed PwC as administrator last month, but the accountancy firm failed to find a buyer for the group.

A total of 815 staff have begun the redundancy process.

There are no Budgens stores in Northern Ireland, though the chain was owned by Centra and Mace parent company Musgrave until 2015.

Mike Denny, joint administrator at PwC, said: "Unfortunately, we have been unable to find a buyer and it is not commercially viable to continue trading the stores.

"We are working closely with the Co-op, Usdaw and the relevant government agencies to ensure that all employees receive the maximum levels of practical and financial support through the redundancy process."

Food Retailer Group bought the stores from the Co-operative Group in July.

Belfast Telegraph

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