THE managing director of the company which owns Whitby’s Nisa Extra store has toid the Whitby Gazette he has no plans to sell the supermarket.
Last year Nigel Mills, who owns the Whitley Bay-based Mills Group, sold its 77 convenience stores to supermarket giant Tesco in a deal believed to be worth in excess of £20m.
All of the Mills convenience stores are to be re-branded as One Stop stores. One Stop has been wholly-owned by Tesco since 2003 but is run as a seperate business, bringing the number of stores to 598 across England and Wales.
Rumours have been circulating around town that Tesco may have plans to take over the store following the news but a spokesman for Tesco said this was untrue.
Mr Mills told the Whitby Gazette following the takeover, he is planning to concentrate on building up his company’s six-strong supermarket portfolio.
He said he has no plans to sell the Whitby store which was formally Somerfield
“We are in Whitby and we are going to stay in Whitby,” he said.
“There are no plans to sell it.”
The deal with Tesco is conditional upon regulatory approval which is expected to be completed in the spring.