Publicity-shy TM Retail has broken its silence to insist that it will remain very much on the acquisition offensive.
The CTN and c-store group moved to halt any speculation to the contrary after it emerged this week that a company-owned Martin newsagents in Horsham, West Sussex, had closed after several decades.
A spokeswoman for TM Retail, which operates more than 1,300 stores under the McColl’s, Martin, More, Forbuoys and Dillons fascias, said that the lease had run out.
She added that the closure was “definitely not” a sign of further closures in the pipeline, pointing out that the group had opened five stores since the start of the year and was planning to open 40 by the end of the year.
Following TM Retail’s management buy-out in September, chairman James Lancaster told The Grocer that he wanted to expand the business via acquisitions and gain market share in the c-store and newsagent markets (The Grocer, September 10, p5).
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