Home and Colonial Stores
 |
|
| Private | |
| Industry | Retail |
| Fate | Name Change / Acquisition |
| Successor | Allied Suppliers / Cavenham Foods |
| Founded | 1883 |
| Defunct | 1961 / 1972 |
| Headquarters | London, UK |
|
Key people
|
Julius Drewe (Founder); Sir Lancelot Royle (Chairman & CEO) |
Home & Colonial Stores was once one of the United Kingdom's largest retail chains. Its formation of a vast chain of retail stores in the late 1920s is seen as the first step in the development of a UK food retail market dominated by a small number of food multiples.
The business was founded by Julius Drewe who in 1883 went into partnership with John Musker selling groceries at a small shop in Edgware Road in London. He subsequently opened stores in Islington, Birmingham and Leeds. The shops mainly sold tea and by 1885 they were trading as the Home & Colonial Tea Association.
William Slaughter took over the Chairmanship of the business on incorporation in 1888. By the turn of the century the Company had over 100 stores and by 1903 it had 500.
In 1924 Home and Colonial bought the share capital of Maypole Dairies of Wolverhampton from the Watson family. Between 1924 and 1931, several stores, including Liptons, merged with Home & Colonial to form a company with over 3,000 branches. Within this period of rapid change, Home & Colonial formed Allied Suppliers to act as a buyer on behalf of the whole group.
From 1948 until 1964 the group Chairman and CEO was Sir Lancelot Royle, KBE. He had joined the group in 1928. By 1955 the company was ranked 27th largest in UK.
By 1960, Home & Colonial Stores Ltd was still a major force in the UK food industry. With retail operations in the UK and abroad and factories in the UK, it was able to report a 10% rise in profits to £4,033,057.
By 1961, reflecting the end of the British Empire, the group had restyled itself under the name of the company it created in 1929, Allied Suppliers. Early in 1972, Allied was acquired by Cavenham Foods, formed six years previously by British entrepreneur James Goldsmith. Melia's Grocers and Tea Dealers, another popular grocery chain at the time, was forced to amalgamate with the Home and Colonial company due to competition from larger national supermarkets. In 1979 the business purchased the South East-based supermarket chain Cater Brothers from Debenhams and converted the stores into their Prestos brand.
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Wikipedia