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