New owner for Thornbury country store

December 19 2017

A LONG-established country store in Thornbury has been sold to Mole Valley Farmers.

A LONG-established country store in Thornbury has been sold to Mole Valley Farmers.

Countrywide, on the edge of the town, is one of 48 stores to be acquired by Mole Valley in a deal that is expected to be completed by the end of January.

Another five stores in other parts of the country will not transfer and are due to be closed.

A statement from Countrywide said it would retain all freehold properties, with Mole Valley entering into lease agreements as a tenant.

It said: “Countrywide confirms that it has now agreed terms to sell its retail business to Mole Valley Farmers Ltd.

“Under the terms of the sale, Mole Valley will acquire the retail business, which will include 48 of the 53 currently trading stores, support teams and IT operating systems for a value that is dependent upon stock levels in the business at time of completion.

“The sale is subject to review by the Competition and Markets Authority, with completion expected to take place before the end of January 2018.”

It also said the sale would affect about 750 employees, who were expected to transfer to the new owners.

Andrew Jackson, chief executive of Mole Valley Farmers, said: “We very much look forward to welcoming and integrating the Countrywide retail team into the company.

“My perception is that the staff have remained loyal and focussed on maintaining business performance despite uncertainty about their futures, which is a commendable measure of their stamina and commitment to the business and customers alike.”

Mole Valley also has a presence in Chipping Sodbury as it recently acquired A Nichols (Cow Mills) in Station Road.