Shoprite sell out to Tesco

Mon, 09 Oct 2023

Shoprite (Isle of Man) Limited has today announced the sale of its nine stores on the Isle of Man to Tesco.

The acquisition of the Shoprite stores will bring the number of Tesco stores on the island to ten, including its existing store in Douglas.

These stores will remain trading as Shoprite during a transition period and will be rebranded to Tesco over the next nine months.

Deryck and Kevin Nicholson, from Shoprite, said it was a historic moment for their business and they have “carefully considered this decision” and are “pleased” to pass the business on to Tesco.

“We wish to express our gratitude for the loyal support of our staff, suppliers and customers and we would like to sincerely thank them for being part of our journey for more than 50 years.

“We believe these stores will continue to thrive and deliver a fantastic service for customers on the Isle of Man. We look forward to continuing our work well into next year as part of a transition period.”\

Tesco will be linking prices locally with those in the UK post-transition, plus a small additional fee for transportation, in line with its approach at the existing Douglas store.

 

---