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Booker Foodservice is up for grabs

21st January 1999, Page 9
21st January 1999
Page 9
Page 9, 21st January 1999 — Booker Foodservice is up for grabs
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Which of the following most accurately describes the problem?

• Booker Foodservice, the distribution arm of troubled cash-and-carry group Booker, is up for sale. Foodservice operates 650 vehicles,

employs 3,500 people and has already

been approached by prospective buyers.

Last November Booker admitted that its Foodservice Division continued to lose money and had suffered significant losses at the Banbury distribution centre. The decision to sell Foodservice came as part of a group plan to improve profitability. Foociservice's main contract is with the Ministry of Defence, which it took over from the Navy, Army and Air Force Institutes (NAAFI) at the beginning of 1997. The contract has three years to run. Booker Foodservice made £5.5m on a turnover of £427.4m in the first half of 1998.