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Downtown owner Oldrids to take over two Lincolnshire Co-operative stores

By EGrover__LE  |  Posted: January 29, 2013

The Lincolnshire Co-operative home store in Tritton Road, Lincoln

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The well-known local retailer Oldrids Group is in final negotiations to take over two Lincolnshire Co-operative home stores in Lincoln and Gainsborough.

It is planned that 87 staff working in the home and coffee shop sections at both sites will go through a TUPE process to transfer to Oldrids Group, which owns the Downtown superstore near Grantham.

The proposals relate to branches in Tritton Road, Lincoln, and Market Place, Gainsborough.

There is a possibility of 14 redundancies at the home stores warehouse on the Tritton Road. But the two companies say they will be "working hard to ensure these are kept to a minimum".

Subject to legal agreements, it is hoped the process will be complete by mid-February.

Lincolnshire Co-op runs travel branches at both sites and a post office in Gainsborough.

Under the proposed new arrangements, these services would continue to be part of the society.

The plans also include the transfer of a travel branch run by Oldrids Group at Grantham to Lincolnshire Co-op.

Lincolnshire Co-op's chief executive Ursula Lidbetter said: "We're pleased to be working with Oldrids Group on this scheme, which is in the final stages of negotiations.

"We believe Oldrids Group's experience could bring new and exciting developments to the home stores in Lincoln and Gainsborough.

"Under the proposed scheme, we'd also be pleased to welcome a new travel branch to our Society, as we already run 10 successful travel outlets."

Oldrids Group is a well-established local firm, dating back to 1804.

The company runs Oldrids department store in Boston, Downtown furnishing store in Wyberton and the Downtown superstore and garden centre at Gonerby junction, near Grantham.

By becoming part of Oldrids, it is hoped the home stores will benefit from the firm's expertise and supply contracts.

Under the proposals, Lincolnshire Co-op would continue to own the whole of the Tritton Road and Market Place sites, including the car parks.

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