Co-op has snapped up six My Local convenience stores around the UK just one week after the convenience store chain went into administration.
Only 32 My Local stores now remain open, with 93 closed down as news emerged last week that the retailer was on the brink of collapse.
The My Local stores located in Croydon, Nottingham, Blackpool, Widnes, Stockport and Steeton were acquired by Co-op to help achieve its target of 100 new store openings.
Chief executive Steve Murrells said: "In the last two years we have opened close to 200 new stores, and in 2016 the Coop is actively pursuing 100 new stores as well as carrying out refits in a further 150.
“The acquisition of these My Local stores supports our focus on convenience store retailing and adds to a portfolio that offers the right range in the right location.
"Our strategy is clearly working, as is evident from our recent results and continued positive like for like sales growth.”
Since Morrisons sold My Local to Greybull Capital in September last year, it has faced strong competition and has been unable to return the business to profit.
Before going into administration, the convenience store retailer employed 1658 people in 125 trading stores across the UK.
Employees in stores which are sold will transfer to the new owners, with Co-op being the first retailer to come on board.
