Budgens

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Sydenham Syd
Posts: 234
Joined: 30 May 2014 09:59
Location: Europe, until otherwise instructed

Re: Budgens

Post by Sydenham Syd » 2 Mar 2017 14:35

stuart wrote:Not quite Phillip Green territory but I get your drift. Are we still the only London postcode without a Co-op?
Pretty annoyed at the screw-up at the Bank who were brilliant to me for 40 years. And am I alone in also being annoyed the Green Co-op has spent a load of dosh going Tory Blue?

Up the Divi!
Stuart (on behalf of the Sydenham Liberation Front)
Is that the same as the Liberation Front of Sydenham? :wink:

Matthew
Posts: 8
Joined: 10 Aug 2015 06:07
Location: Lower Sydenham

Re: Budgens

Post by Matthew » 9 Mar 2017 07:53

Obviously apart from feeling sad for the staff my main upset is that the Amazon locker in that store was so convenient.

Chris Best
Posts: 418
Joined: 6 May 2005 11:37
Location: Sydenham

Re: Budgens

Post by Chris Best » 9 Mar 2017 10:20

Here is the press statement put out by PwC on the 7 March:

Michael Denny, Robert Moran and Matthew Hammond of PwC were appointed as Joint Administrators of Food Retailer Operations Limited (“FROL”) on 10 February 2017.

FROL operated 34 convenience stores across the UK, which trade under the Budgens brand and employ 815 people. It also held the leasehold interests in a further 36 non-trading stores, two non-trading properties and the head office of the former Somerfield business.

Since its acquisition of the stores from Co-op in July 2016, the Company had experienced difficult trading conditions. This resulted in the Company being placed into administration despite sustained efforts to make the business more commercially viable.

Following their appointment, the Administrators have been assessing interest in the business. As a result, following the closure of nine stores at the weekend, the remaining 25 stores will, regrettably, cease trading over the course of the next two weeks with the loss of the remaining 611 jobs.

Mike Denny, Joint Administrator, PwC, said:

“Unfortunately, we have been unable to find a buyer and it is not commercially viable to continue trading the stores.

"We are working closely with the Co-op, USDAW and the relevant government agencies to ensure that all employees receive the maximum levels of practical and financial support through the redundancy process.”


If there are people interested in taking over the empty shop I suggest they contact PwC to see if they will consider a local solution as the administrators haven't been able to find a buyer for the company.

poppy
Posts: 574
Joined: 1 Sep 2007 20:03
Location: Sydenham

Re: Budgens

Post by poppy » 13 Mar 2017 09:44

Sorry, I don't have time to read through all the posts but does anyone know what will happen to the site?

We have been here ten years and its the first time we have been without a medium-sized 'decent' supermarket in that time. I know we are lucky to have PFC, Lidl and Tesco but there are some things they just don't stock and Lidl is just so slow most of the time.

I probably went to Budgens five times in six months because I found that shop very frustrating - it would have some 'high quality' products but then not have basics and it was soooo slow in there. I have been driving to Bell Green Sainsburys and Waitrose so much more since the Co-Op left - which is not good for the environment. Even Forest Hill has a half-decent Sainsburys. Surely somewhere as big as Sydenham needs something similar?

I know I was not alone in being very sad the Co-Op left - we were in there all the time!

Howard Staunton
Posts: 82
Joined: 15 Sep 2007 18:30
Location: Fairlawn Park

Re: Budgens

Post by Howard Staunton » 13 Mar 2017 11:37

Poppy,

You could try using the Sainsbury's Local behind the Windmill pub, it will have some items that the others do not and I find it the most pleasant shopping experience of all the local food shops.

Howard

Parker1970
Posts: 399
Joined: 4 Nov 2014 22:36
Location: Kirkdale

Re: Budgens

Post by Parker1970 » 13 Mar 2017 11:45

Howard Staunton wrote:Poppy,

You could try using the Sainsbury's Local behind the Windmill pub, it will have some items that the others do not and I find it the most pleasant shopping experience of all the local food shops.

Howard
Do you mean behind the Greyhound?

Howard Staunton
Posts: 82
Joined: 15 Sep 2007 18:30
Location: Fairlawn Park

Re: Budgens

Post by Howard Staunton » 13 Mar 2017 16:30

Apologies. I had a brainstorm. I do mean behind The Greyhound. Thanks you for the correction.

Howard

MagmaTimes
Posts: 83
Joined: 24 Nov 2015 10:56
Location: Sydenham

Re: Budgens

Post by MagmaTimes » 13 Mar 2017 16:55

Totally. With the combined resources of the Sainsbury's behind the Greyhound, PFC, Fresh & Fruity and Well-Being, I have no reason to leave Sydenham for food shopping. I always found the Co-Op to be overpriced and gruelling and Budgens was just a joke. I do miss the Co-Op for their own brand cleaning products cos they were totally cruelty-free...

alywin
Posts: 703
Joined: 27 Aug 2009 12:33
Location: Penge side of Sydenham

Re: Budgens

Post by alywin » 22 Mar 2017 14:00

The trouble with Sainsbury's Locals is still that they don't have a wide enough range, even this one, which is relatively big. So I still find myself going into Penge ...

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