Belgium’s Delhaize Group has announced the sale of its pet food and pet care retail business, Tom&Co.
The business has been taken over by PetSerCo, an investment group led by Lionel Desclée, a current member of the management of Delhaize Belgium, who will leave the retailer.
The Tom&Co. brand will cease to exist once the deal is completed.
In a statement, the retailer said, ’Delhaize has the ambition to become the favourite supermarket of the Belgians again and wishes to focus more than ever on the sale of healthy and high quality food.
‘The management and further development of a pet specialist shop is therefore no longer considered a priority.’
Tom&Co was founded in 1991 and boasts 144 stores across Belgium, France and Luxembourg.
2016 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones. To subscribe to ESM: The European Supermarket Magazine, click here.
