The Londis board will reconvene later this week after failing to decide on the best path forward for the convenience group.
The board was considering a 150-page report from KMPG outlining the group’s option. These included; maintaining the current business model floating, finding a financial partner, merging or selling out.
It is thought that the first three options have been all but ruled out, but a board representative insisted all paths were being thoroughly considered.
One Londis Bedfordshire storeowner Shamus Lehal said the sooner a deal was done the better. “The market is changing and people will be left with their heads in the sand as Tesco and Sainsbury’s open up local stores all around them. Staying as we are is not an option.
But Adrian Costain, of the Londis Shareholders Action Group, believes the best future is in the mutual sector. He said: “A sale could mean the group splinters and the best people peel off to join others.”
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