Jobs safe as takeover agreed

0
Have your say

THE jobs of Sudbury’s Focus DIY store workers are safe following the announcement this week that the Office of Fair Trading has approved the takeover of the store as part of a nationwide 30-store deal by DIY giant B&Q.

The OFT gave its approval to Kingfisher, which owns the B&Q brand, and the decision means that 21 jobs in Sudbury will be saved with the store transferring to the B&Q format as soon as possible.

There were fears that if the OFT had ruled against the acquisition or delayed making a decision, store staff would have lost their jobs.

Kingfisher announced it had struck a £23million deal to purchase 31 stores in towns where it had no presence in May.

B&Q is the largest home improvement and garden centre retailer in the UK and Ireland. It has 360 stores and employs 30,000 staff.

Ian Cheshire, Kingfisher’s group chief executive, said: “We are looking forward to offering B&Q’s range of well-priced products, services and advice to consumers in these areas, as well as bringing new investment to the local communities.”