My Local
| 163px | |
| My Local | |
| Private | |
| Industry | Convenience stores |
| Founded | 2011 |
| Founder | Morrisons |
| Headquarters | Southampton, UK |
|
Area served
|
United Kingdom |
|
Key people
|
Mike Greene (Chief Executive) |
| Parent | Greybull Capital LLP |
| Slogan | fresh, friendly, convenient |
| Website | www.mylocal.uk.com |
My Local is a chain of 130 convenience stores in the United Kingdom.
It originally started in 2011 as the M local convenience store division of the Morrisons supermarket chain, but was acquired in 2015 by Greybull Capital and re-branded as My Local.
History
Morrisons M local
In September 2010, Morrisons announced that it would operate a number of smaller stores to be called M local (later Morrisons M local) in major places such as Birmingham, Manchester, Cardiff and Bristol. These stores would have a similar format to small Tesco Express and Sainsbury's Local stores, but include a wider range of ready-to-eat hot food such as pastries, coffee, rotisserie and porridge, as well as also having a salad bar. Items would be stocked from nearby Morrisons superstores and shoppers would also be able to order foods in, including fresh meat and fish.[1] The first Morrisons M local store opened in Ilkley, Yorkshire in 2011.[2]
A distribution centre in Feltham, West London was acquired to provide a distribution network to the stores in London and the South East where there are few superstores.[3]
Around 70 stores were opened by the end of 2013, which was boosted by the purchase of 7 Jessops and 49 Blockbuster stores from administrators.[4] On 26 February 2013, a further 6 HMV stores were acquired from administrators.[5]
In November 2014, Morrisons announced that six unprofitable convenience stores would close, and the roll-out of the convenience store chain would be slowed, as a batch of 40 sites would no longer be bought.[6]
Morrisons announced the closure of a further 23 loss making M local convenience stores in March 2015.[7]
My Local
In September 2015, Morrisons announced the sale of its 140 M local stores to Mike Greene and Greybull Capital, to be re-branded as My Local, for £25 million.[8] Wm Morrison Supermarkets PLC sold its wholly owned subsidiary Wm Morrison Convenience Stores Limited on 26 October 2015 to MLCG Limited. Nisa would supply the new chain, in a five year, £1 billion deal, and the stores were re-branded as My Local at the same time.[9] My Local also announced it would be re-opening 10 former M local stores that Morrisons had previously shut, giving the chain a total of 150 stores. However, as of May 2016, the chain only operates 130 stores, suggesting that 20 stores have been quietly shut.[10]
In March 2016, it emerged that My Local was in talks with The Co-operative Group, about a potential asset swap. My Local could purchase up to 40 former Somerfield stores, and in return, the Co-op would purchase a handful of existing My Local branches.[11]
See also
References
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