Cornwall Farmers sold ?
- Thread starter rjs15t
- Start date
jade35
Member
- Location
- S E Cornwall
A Westcountry farm supplies co-operative founded almost 100 years ago is to be sold to a rival business in a £6 million deal.
The trading business of Cornwall Farmers, with 12 stores in Devon and Cornwall, is to be acquired by Countrywide Farmers.
A spokesman for Cornwall Farmers said the move would create more choice for their customers and give Countrywide a bigger presence in the South West.
Under the terms of the deal, which is expected to complete early next month, Countrywide will take on the operation of Cornwall Farmers country stores for a total consideration of £6.050m.
Cornwall Farmers Ltd will retain the freehold property, with Countrywide entering into long lease agreements as tenant.
Countrywide Farmers Chief Executive, John Hardman, said: “We are delighted to have the opportunity to bring together these two highly respected brands to create a stronger offering to our customers. Cornwall Farmers has a long and proud history with experienced, knowledgeable staff. We look forward to welcoming them and the store network in Cornwall and Devon to the Countrywide family.”
Simon Birch, Chief Executive of Cornwall Farmers, said: “This deal is good news for our customers in the South West.
Read more: http://www.westernmorningnews.co.uk...tory-27665771-detail/story.html#ixzz3jj4szueU
Follow us: @WMNNews on Twitter | westernmorningnews on Facebook
The trading business of Cornwall Farmers, with 12 stores in Devon and Cornwall, is to be acquired by Countrywide Farmers.
A spokesman for Cornwall Farmers said the move would create more choice for their customers and give Countrywide a bigger presence in the South West.
Under the terms of the deal, which is expected to complete early next month, Countrywide will take on the operation of Cornwall Farmers country stores for a total consideration of £6.050m.
Cornwall Farmers Ltd will retain the freehold property, with Countrywide entering into long lease agreements as tenant.
Countrywide Farmers Chief Executive, John Hardman, said: “We are delighted to have the opportunity to bring together these two highly respected brands to create a stronger offering to our customers. Cornwall Farmers has a long and proud history with experienced, knowledgeable staff. We look forward to welcoming them and the store network in Cornwall and Devon to the Countrywide family.”
Simon Birch, Chief Executive of Cornwall Farmers, said: “This deal is good news for our customers in the South West.
Read more: http://www.westernmorningnews.co.uk...tory-27665771-detail/story.html#ixzz3jj4szueU
Follow us: @WMNNews on Twitter | westernmorningnews on Facebook
- Location
- Down on the edge of the world
Countrywide seem to have a pretty extensive store location, I see they want to focus on this click and collect - I guess kind of like Argos.
What is everyone experience of the organisation for value, product quality and availability?
What is everyone experience of the organisation for value, product quality and availability?
- Location
- South Devon
Cows 'n grass
Member
- Location
- Modbury, South Devon
I assumed that Mole were just waiting until CF finally went bust and then they would buy up the the remains.
- Location
- Down on the edge of the world
- Location
- Somerset
If I go into Countrywide wearing overalls and wellies I feel as though I shouldn't be there it's so smart the place is full of horsey stuff and expensive clothes.
Surprised that CFL managed to draw out the inevitable so long. Also surprised that anyone would want to buy such a lame horse.
Feel very sorry for John Rich who has seen all his great work wasted by a totally inept few.
There were plans for a centenary book documenting the history of CFL ....... it won't be needed now!
Feel very sorry for John Rich who has seen all his great work wasted by a totally inept few.
There were plans for a centenary book documenting the history of CFL ....... it won't be needed now!
- Location
- Down on the edge of the world
i just looked at their online store, they have those wellies costing 340 quid!....not sure they will get a lot of call for that round South Devon
When can I withdraw my shares?
- Location
- Cornwall.
Countrywide website announcement
http://www.countrywidefarmers.co.uk...sroom&pgForward=businesscontentbasic#Cornwall
which is basically the same as WMN page
Cant see anything at all re sale on CFL website.....
6M??.....stock at a write down, plus some goodwill and the transfer of staff.???
cant see this being 12 stores for very much longer.
so much for the spin in the last couple of annual reports
http://www.countrywidefarmers.co.uk...sroom&pgForward=businesscontentbasic#Cornwall
which is basically the same as WMN page
Cant see anything at all re sale on CFL website.....
6M??.....stock at a write down, plus some goodwill and the transfer of staff.???
cant see this being 12 stores for very much longer.
so much for the spin in the last couple of annual reports
- Location
- Ceredigion
They sold most of the farming side up here as in direct loads of feed and fertiliser, now just run shops
- Location
- Ceredigion
This was last year
Countrywide Farmers’ most recent accounts to 31 May 2014 were published in late August, with the mild winter of 2013-14 and a falling commodity market significantly affecting financial performance. Turnover fell 2.5% to £298.2m, while operating profit was down 55% to £1.907m.
Countrywide Farmers’ most recent accounts to 31 May 2014 were published in late August, with the mild winter of 2013-14 and a falling commodity market significantly affecting financial performance. Turnover fell 2.5% to £298.2m, while operating profit was down 55% to £1.907m.
- Location
- Ceredigion
Countrywide Farmers is selling its livestock feed and forage, arable inputs and crop marketing businesses for £18.5
As in eighteen pound fifty? Or you missing some naughts?
- Location
- Cornwall.
I might have a go at £18.50.