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Hillards

From Wikipedia, the free encyclopedia

Hillards plc
TypePublic
IndustryRetail
Founded1885; 141 years ago (1885)
FounderJohn Wesley Hillard
Defunct1987; 39 years ago (1987)
FateAcquired and merged into Tesco
SuccessorTesco
HeadquartersCleckheaton, West Yorkshire
Key people
Peter Hartley (Executive Chairman)
ProductsGroceries

Hillards plc was a small supermarket chain from the North of England, bought out in a hostile takeover by Tesco in May 1987.

History

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The company was founded by John Wesley Hillard in 1885, in the West Yorkshire town of Cleckheaton.[1] The first shop was opened in Lion Chambers there, and shortly after 1900, there were twenty shops operating as Lion Stores.[1] By 1951, there were over seventy stores, and by 1968, it had warehouse size stores in Wakefield, Lincoln and York.[1]

In 1970, the trade name Lion Stores was dropped in favour of Hillards and in 1972, the company was first listed on the London Stock Exchange.[1] Peter Hartley, a grandson of the founder, became executive chairman in 1983 and in May 1987, following a hostile bid, the business was acquired by Tesco for £220m.[2][3][4]

References

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  1. 1 2 3 4 "Hillards Charitable Trust". Archived from the original on 2 January 2007. Retrieved 8 September 2006.
  2. Clark, Tim (15 April 2008). "A history of Tesco: The rise of Britain's biggest supermarket". London: Telegraph Media Group Limited. Retrieved 13 February 2009.
  3. "TESCO profits are estimated to have risen". The Guardian p. 25. 17 March 1987.
  4. "THE TESCO camp in the takeover battle for Hillards". The Guardian p. 27. 29 April 1987.
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