UK supermarket group J Sainsbury is reported to be bidding for convenience store operator TM Group, owner of the Martins and Forbuoys chains.


The news comes just a few days after supermarket giant Tesco announced that it had offered £54m (US$98.6m) to buy London-based convenience store group Adminstore.


Sainsbury’s is currently up against the Co-op, which also wants to buy TM Group, in an auction process for the 1,300 convenience stores, reported the Independent.


TM Group, which also owns the McColl’s and More newsagent chains, could be sold for more than £200m, the newspaper said.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.