Product Code Database
Booker Group Limited is a British wholesale distributor, and subsidiary of Tesco.
In January 2017, it was announced that the British multinational supermarket retailer Tesco had agreed to purchase the company for £3.7 billion. It was confirmed on 5 March 2018 that Tesco had completed its acquisition of Booker Group Limited.
Among other interests, it operated the sugar industry in Guyana (British Guiana before independence in 1966), running five Booker Line ships, until it was nationalised around 1970. After six months, Booker was called back to market the sugar. Booker had a long history of exploitation of sugar workers through the indentured labour system during the 19th and 20th centuries (outright slavery was abolished in British Guiana before Booker's founding, but exploitative labour practices continued. All of the Booker brothers had claimed and received 'compensation' payments for their post 1815 Guiana slave holdings - see U.C.L. "Legacies of British Slave-ownership" index). At its peak, it controlled 75% of the sugar industry in British Guiana and was so powerful that a common joke was to refer to the country as "Booker's Guiana".N. Draper, ‘Helping to make Britain great: the commercial legacies of slave-ownership in Britain’, in C. Hall, N. Draper, K. McClelland, K. Donington, and R. Lang, Legacies of British Slave-Ownership: Colonial Slavery and the Formation of Victorian Britain (2014), pp.78-126.
In 1952, Jock Campbell took over the chairmanship of the company and his Fabian Society social politics transformed it dramatically into a benevolent force providing major benefits for sugar workers. Jock Campbell was also instrumental in the setting up of Booker's Author Division, which sponsored the Booker Prize.
In November 1996, Booker bought Nurdin & Peacock, taking ownership of the convenience store operator and brand Happy Shopper. Happy Shopper's products are sold by Booker to independent convenience stores and off licences. In 2000, the brand's logo of a smiling face with blonde hair was dropped from products and packaging, as part of a redesign by Partners In Communication, a design consultant company.
In May 2000, Booker was purchased by Iceland Supermarkets, via its Big Food Group vehicle. Then, in December 2004, Big Food Group was in turn bought by acquisitive Icelandic group, Baugur Group, which split Booker and Iceland again into different companies.
In June 2007, Booker reversed into an AIM listed wholesaler of groceries Blueheath, to form Booker Group plc. Baugur sold all its assets in Booker Cash & Carry in June 2008, only weeks after its founder was found guilty of accounting irregularities. Baugur collapsed in February 2009, amidst the Icelandic financial crisis.
In September 2009, Booker opened a store in Mumbai and planned to expand its cash and carry stores across India. In May 2012, Metro Group sold the thirty stores of Makro in the United Kingdom and all operational assets to Booker Group Plc, in return for 9.99% of Booker's share capital, plus £15.8 million in cash; although the merger was referred to the Office of Fair Trading it was cleared by the Competition Commission in April 2013.
In May 2015, Booker Group confirmed it had reached an agreement with Musgrave Group to buy the Budgens and Londis grocery chains, for £40 million. In January 2017, Tesco announced that it had reached an agreement to merge with Booker Group for £3.7 billion, subject to shareholder and regulatory approval. It was confirmed on 5 March 2018 that Tesco had completed its merger with Booker.
The group consists of several divisions each specialising in different areas of the wholesale market in the United Kingdom:
| +Subsidiaries of Booker Group Limited (Tesco plc) !Name !Founded !Description | ||
| Booker Wholesale Holdings Limited | A cash and carry and delivery company in the United Kingdom. | |
| Makro | A cash and carry and delivery company in the United Kingdom. | |
| Booker Direct Limited | A wholesale business catering for cinemas and HM Prison Service in the United Kingdom. | |
| Classic Drinks Limited | A wholesale business in the United Kingdom. | |
| Ritter-Courivaud Limited | A wholesale business catering for restaurants in the United Kingdom. | |
| Premier Stores | a symbol group of independent convenience stores. The Premier name is owned by Booker Group with the stores owned by individuals who agree to a minimum spend each week with Booker Wholesale in exchange for business support and access to the branding. | |
| Booker India | ||
| Booker Retail Partners (GB) Limited |
This purchase was the foundation of the Authors' Division, which also acquired rights to some well known authors' works, such as Georgette Heyer, whose company, Heron Enterprises, with eighteen of her copyrights, Booker bought in 1966 for £80,000, Dennis Wheatley, and the 64% stake in Agatha Christie's works not controlled by her family. When, in 1968, Booker established the prestigious Booker Prize, it was with the money from the Fleming, Heyer and Christie purchases.
In June 1998, Agatha Christie's stakeholding was sold to Chorion for £10 million, who themselves sold it on in February 2012 to Acorn Media UK. The division also co founded and sponsored the prestigious Booker–McConnell Prize for literature in 1968, now known as Booker Prize. This was transferred to the independent Booker Prize Foundation in 2002, and became sponsored by the Man Group, who opted to retain the well known "Booker" name.
Chairmen of the Authors' Division have included Charles William Tyrrell (1960s–1970s), Dennis H. Joss (1970s–1980s) and Agatha Christie's grandson Caradoc Thomas Prichard (1990s–2000s).
|
|
