Grace's Guide

British Industrial History

Grace's Guide is the leading source of historical information on industry and manufacturing in Britain. This web publication contains 148,110 pages of information and 233,634 images on early companies, their products and the people who designed and built them.

Difference between revisions of "Gateway Corporation"

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1991 Sold 42 smaller stores to [[Kwik Save]]
 
1991 Sold 42 smaller stores to [[Kwik Save]]
  
1994 Gateway Foodmarkets was renamed [[Somerfield Stores]]  
+
1994 Gateway Foodmarkets was renamed [[Somerfield|Somerfield Stores]]  
  
 
1996 Flotation as a public company<ref>The Times Aug. 10, 1996</ref>.
 
1996 Flotation as a public company<ref>The Times Aug. 10, 1996</ref>.

Revision as of 15:44, 24 September 2021

1875 Mr J H Mills opened a small shop in Bristol[1]

1950 14 J H Mills stores turned into Gateway supermarkets

1977 Linfood Holdings acquired Gateway

1983 70 Frank Dee stores, belonging to Linfood, converted to Gateway; the company was renamed Dee Corporation

1983-7 Acquired Keymarkets, Lennons, International Stores, Fine Fare and Carrefour hypermarkets

1989 Gateway had about 400 stores when it received an unsolicited bid from Isosceles, a financial group put together for the purpose. If successful Isosceles planned to sell the 62 larger supermarkets to Asda and concentrate on the remainder[2]; eventually Isosceles succeeded in winning control[3], sold the Medicare chain of chemists to Kingfisher and 60 larger stores to Asda; plans were being developed to sell the US Hermans chain; the larger of the remaining stores were being rebranded Somerfield Fine Fresh Foods [4]

1991 Sold 42 smaller stores to Kwik Save

1994 Gateway Foodmarkets was renamed Somerfield Stores

1996 Flotation as a public company[5].

1998 Somerfield acquired Kwik Save Group, with 880 stores


See Also

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Sources of Information

  1. The Times Oct. 14, 2005
  2. The Times Apr. 24, 1989
  3. The Times July 20, 1989
  4. The Times Jan. 17, 1990
  5. The Times Aug. 10, 1996