7 Branches, 33 Jobs Secured, and a Promising Formula
- Parfetts Cash and Carry acquires Blakemore Wholesale
- Geographical expansion for Parfetts with seven branches now
- 33 jobs secured and transferred after purchase completion on 25 June
- Joint managing director Greg Suszczenia’s confidence in the ‘trusted Parfett’s formula’
Retailer Parfetts Cash and Carry has acquired Middlesbrough-based food retail and distributor Blakemore Wholesale without disclosing the acquisition cost. This move brings Parfetts to seven branches, expanding its wholesale service from the Midlands to the north of England. The acquisition will be completed on 22 June, with trading starting on 25 June. Up to 33 jobs are secured and transferred from Blakemore Wholesale Middlesbrough to Parfetts post-purchase. Joint managing director Greg Suszczenia expressed confidence in the ‘trusted Parfett’s formula’, stating that retailers in Teesside will benefit from everyday low prices, a powerful three weekly promotional programme, and an extensive product range, complemented by the industry-leading Go Local Retail Club format.
Factuality Level: 10
Factuality Justification: The article provides accurate and relevant information about the acquisition of Blakemore Wholesale by Parfetts Cash and Carry, including details on the number of branches, geographical expansion, job security, and benefits for retailers. It also includes a quote from the joint managing director of Parfetts, making it an objective news report.
Noise Level: 3
Noise Justification: The article provides relevant information about a business acquisition and its impact on job security, but lacks in-depth analysis or exploration of long-term trends or consequences. It also does not offer actionable insights or new knowledge beyond the immediate outcome of the acquisition.
Financial Relevance: Yes
Financial Markets Impacted: The acquisition of Blakemore Wholesale by Parfetts Cash and Carry impacts the food retail and distribution industry.
Financial Rating Justification: This article discusses a business acquisition in the food retail and distribution sector, which is related to financial topics such as company growth and job security. It also has an impact on the companies involved in the wholesale service.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: Minor
Extreme Rating Justification: There is no extreme event mentioned in the article.
www.retailsector.co.uk 
