It has been confirmed today (Tuesday) that 36 Budgens stores are facing closure, as the company that bought the stores has gone into administration.
However, despite today’s announcement, it has been confirmed that the Woodhall Spa branch will remain open.
Reports suggest that over 800 jobs are at risk across the country as a result of the closures.
The Food Retailer Operations Limited (TFR) purchased the 36 stores from the Co-op in July, subsequently trading them under the Budgens brand.
TFR has since gone into administration, and are ‘currently in consultation with their 800 colleagues’.
This morning, Budgens revealed to the News that the Woodhall Spa branch is not owned by TFR, and will remain open.
A spokesman for Budgens said: “Budgens is a brand which operates 150 stores as a symbol group. The business is performing very strongly.
“In July 2016 The Food Retailer Operations Limited (TFR) bought 36 stores from the Co-op and traded them under the Budgens brand.
“TFR have recently gone into administration. This means they are currently in consultation with their 800 colleagues.
“We are disappointed that TFR are in this position, but this does not affect Budgens or its colleagues.”