BWG’s €23 million acquisition of Londis approved

Retail group BWG have had their €23 million acquisition of the Londis franchise given the green light by The Competition Authority. BWG already have Spare and Mace is their portfolios, and this later acquisition will mean they will own over 50% of the Irish convenience market.

The Londis franchise, which is identifiable in every town and county across Ireland, has over 200 stores in Ireland and generate approx. €195 million in annual sales. BWG believes that Londis will complement its existing retail operations of 1,175 Spar, Eurospar, Mace and XL symbol stores in Ireland and Britain.

BWG chief executive Leo Crawford said of the announcement “Londis is a great food retail brand with a rich heritage in Ireland spanning over 60 years. BWG will focus on growing and developing Londis in Ireland as part of our portfolio of market leading convenience brands, and we look forward to working with our newest retail partners around the exciting plans we have for Londis retailers and the brand.”

Source: http://www.irishtimes.com/business/retail-and-services/bwg-s-23m-acquisition-of-londis-cleared-by-watchdog-1.2250341