Booker swoops to buy up beleaguered Makro

  • Print
  • Share
  • Comments (42)
  • Save

Booker has acquired Makro Cash & Carrry – the UK operations of Metro Group.

The deal – a cash and shares purchase valued at around £140m – will see Metro take a 9.99% stake in Booker and the two companies form what they called a “strategic partnership agreement”.

There has long been speculation that Makro could quit the UK or be bought out by a rival, having recorded a loss for several years. Accounts released today show Makro haemorrhaged £63.2m in 2011 - a dramatic worsening of the £20m losses it suffered the previous year.

“Through working together, Booker and Makro UK will improve choice, prices and service for retailers, caterers and SMEs throughout the UK,” said Booker chief executive Charles Wilson.

“Together we will offer a wide range of foods and non-foods to our professional customers, via the internet, delivery and cash & carry. The board is confident that this collaboration will enable us to continue to generate value for shareholders.”

Metro chairman Olaf Koch added: “In Booker, we have found the right buyer for our challenging UK business, which has shown an unsatisfying performance.

“Booker is very well positioned in the UK market, with a great brand perception and vast experience in managing product ranges and in customer services. We are convinced this new set-up meets all requirements for future success in the UK, while allowing Metro to further concentrate on countries within our strategic focus.”

Readers' comments (42)

  • I cant say im surprised but im sure there are 3000 very concerned makro colleagues who need questions answering asap

    Unsuitable or offensive? Report this comment

  • So less competition again.

    My experience of Makro has gone the way of sale - getting worse & worse. Never having enough tills open, disinterested staff (can see why now).

    Unsuitable or offensive? Report this comment

  • We employees need answers, we have lost too many staff over the years, and have faced a problematic few years now more uncertainty surrounds our future. I'm thankful that im a supervisor and should be safe as I have skills im sure booker will want to harvest.

    Unsuitable or offensive? Report this comment

  • If those 3000 employees had have worked harder, then the company wouldn't have lost £60 million and this wouldn't be happening.

    Unsuitable or offensive? Report this comment

  • yes very interesting will they close any stores ? because some of stores booker got are near makro stores very concerned for staff..

    Unsuitable or offensive? Report this comment

  • Hi. from my point of view this is best thing that could of happen to Makro in years, as we been poorly run company for many years from head office to poor store management, which is why we been making loss 1/4 years we been open. I feel sorry for Booker as in last few years they been working hard and making great progress and profit, I just hope we don't bring them down like kwik save did to summerfields 15 years ago. ps. please booker bring in your own store management team as ours are poor.

    Unsuitable or offensive? Report this comment

  • Tammy i find your comments both inappropriate and frankly offensive. Many of the 3000 staff work on the sales floor and do a great job in a business that has forced cut back after cut back on them and many of their long standing colleagues made redundant. I sincerely hope you are never in that situation where morale in rock bottom then an ill informed person comments on your work ethic

    Unsuitable or offensive? Report this comment

  • I strongly disagree with Tammy's comments... I work for the company and I find the comments offensive as this person clearly doesn't work for the company. There are significant amounts of staff that give 110% each day; there has been decisions made by the long-departed board that cost us money. Get your facts right before spouting on here! I wonder if you give 110% day in day out? What sector do you work in? Is your business making profit? Wonder if that's down to you working "hard enough"........ #deluded

    Unsuitable or offensive? Report this comment

  • We are really concerned. There is a Booker store near our makro store. Does this affect our store, I mean will our store get closed?

    Unsuitable or offensive? Report this comment

  • Well I'm actually excited about the move. I hope strong alliances can be made between two companies that have always seen each other as rivals. As many people know a lot of staff have worked at both companies and working together should ensure a much better enhanced offer to OUR customers. Despite comments above, My store is full of staff who are proud of what they do, how they do it and who they do it for - The customer. Only concern is the possible casualties that may come from a merger like this in form of redundancies.

    Unsuitable or offensive? Report this comment

View results 10per page | 20per page | 50per page

Have your say

Please add your comment. Remember that submission of comments is governed by our Terms and Conditions. You can include links, but HTML is not permitted.

Mandatory
Mandatory
Mandatory
Mandatory
  • Print
  • Share
  • Comments (42)
  • Save

Grocer jobs Experts in FMCG

Search jobs
Sign in

Newsletter sign-up

I wish to receive the following newsletters:

Subscriber only alerts:

DIRECTORY

The+Grocer+Directory

CLICK HERE to search for the products, services and companies you need in the definitive guide to the UK food and drink industry.

FOLLOW THE GROCER

The Grocer's commentators and opinion makers