One stop exterior

Tesco’s One Stop is to buy 33 stores from Alfred Jones

Tesco’s convenience store chain One Stop has acquired 33 stores from Top 50 indie Alfred Jones.

The c-stores are all in the North West of England and will take One Stop’s portfolio to 682 stores. The deal is subject to regulatory approval and is expected to be completed later this year.

“Having over 20 years’ experience in the convenience market puts us in a good position to help neighbourhoods thrive,” said One Stop CEO Tony Reed.

“With the purchase of these stores, we can introduce One Stop’s quality, great value, range and service to customers in new communities. We will also invest in store refurbishment to improve the shopping experience for our customers.”

Alfred Jones, which trades under the Spar fascia, has 70 stores. It is 19th on The Grocer’s ranking of the Top 50 independent grocery retailers in the UK with sales of £102.7m and profits of £793,000 last year.

One Stop acquired former Top 50 indie Mills Group in 2010. In April it also unveiled plans to offer One Stop as a franchise model for indies. A pilot store is already up and running.