Booker to buy Makro

Le Cafe Parisien in Lord Montgomery Way, Portsmouth has been re-possessed.

Le Cafe Parisien re-possessed for failing to pay rent

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THE Booker cash and carry chain looks set to snap up struggling rival Makro, in a deal expected to add more than a million customers to its books.

If shareholders vote in favour of the deal, Makro’s 30 stores – including its Whiteley outlet – will turn into Bookers.

Makro UK, which has been valued at £139.7m, started life in 1971 in Eccles in Manchester and has 1.1 million customers.

It generated sales of about £800m in 2011 but made a loss of £63.2m.

Makro’s German parent Metro - the world’s fourth biggest retailer - will get almost 10 per cent of Booker, valued at about £123.9m, under the deal.

Booker is run by former M7S director Charles Wilson.