|Headquarters||Harefield, Greater London, England|
|Area served||England and Wales|
|Parent||Musgrave Group (2002–present)|
Budgens Stores Ltd (branded as Budgens) is a chain of foodstores in the United Kingdom. The business was founded in 1872 by John Budgen, who opened the first store at Maidenhead, Berkshire. The business was incorporated as a private limited company on 28 May 1962. The company is a subsidiary of Musgrave Retail Partners GB.
In October 1997, Budgens acquired the 55 store UK network of 7-11 stores, re-branding them with the concept name 'B2'. Very soon afterwards it was clear that the name was not popular with customers and the 30 stores that were outside London began trading under 'Budgens' fascia. The 'B2' branded stores in London were then changed to 'Budgens Express' before finally reverting to the 'Budgens' brand.
In 2002, the company was purchased by the Irish Musgrave Group. Two years afterwards, the Musgrave Group started selling their Budgens stores, the largest stores were disposed of on the open market with stores in places such as Tadley and Mildenhall to larger store chains. Other stores were divested to independent retailers such as Jempsons and Tout who continue to trade from them under the 'Budgens' name. Musgraves also franchised the Budgens brand, leading to more store openings in the independent sector and expanding the brand to many forecourt stores.
In 2007, the divestment of the original Budgens stores to independent retailers was completed, but as of March 2009[update] a few Budgens stores whose franchise-holders had failed to perform had been returned to Musgrave. A further eight stores were bought in 2009 from the Co-op (who had acquired them on taking over the Somerfield group but were instructed to dispose of them by the Office of Fair Trading). Once these new stores have been re-fitted and stocked as Budgens stores they will be divested.
The stores range in size from around 140m² to around 900m², and therefore fall into the convenience store size range and the bottom end of the supermarket size range, as these two terms are used in the United Kingdom. According to retail analysts TNS Worldpanel, Budgens ranked 13th in the United Kingdom grocery sector in December 2004, with a market share of 0.4%.
In 2006, 2007 and 2008 Budgens was voted number one fresh foods convenience retailer of the year.
- ‘Supermarkets’, Competition Commission report presented to Parliament in October 2000, chapter 5, page 72
- "Budgens rebrands b2 stores". Marketing Week.
- Musgrave group press release accessed 20 March 2009
- "MUSGRAVE TO BUY SOMERFIELD STORES TO INCREASE BUDGENS CHAIN". Budgens. Retrieved 2009-05-13.
- "Budgens Award Winners". Budgens. Retrieved 2009-05-13.