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United Co-operatives is planning to expand its chain of 529 stores with 150 new outlets over the next three years, with £60m being spent on acquisitions and new stores and £80m on the refurbishment of existing sites.
United Co-operatives is planning to merge with Leeds Co-op, the operator of 60 food, travel, funeral and optical outlets with 700 staff.
United Co-operatives has acquired P Williams, the chain of 56 pharmacy branches with 600 staff in the North West and East Midlands, for undisclosed terms.
United Co-operatives is planning to invest up to £200m in the acquisition of new outlets this year, focusing mainly on food stores and pharmacies.