97 Budgens store jobs at risk as owner folds

The Aberystwyth branch of Budgens Image copyright Google
Image caption The Aberystwyth branch of Budgens

Almost 100 staff across four Budgens stores in Wales face uncertainty after owners Food Retail Operations Ltd (FROL) went into administration.

FROL has experienced "difficult trading conditions" since buying some Co-op stores in July 2016.

97 staff in shops across Buckley, Monmouth, Cardigan and Aberystwyth will be affected.

All four stores remain open while administrators Price Waterhouse Coopers (PwC) "engage with interested parties".

FROL operate 34 stores nationally which trade under the Budgens brand, and employ 872 people.

Mike Denny, joint administrator with PwC, said: "FROL has faced significant headwinds in the form of pricing pressures, intense competition and structural change across the food retail sector.

"We are continuing to trade all 34 stores, whilst engaging with interested parties for the sites and the other leasehold interests of the company.

"We will work closely with the employees over the coming weeks."

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