This involved 38 stores – including 6 fuel forecourts – across Jersey, Guernsey and Alderney with an annual turnover in the region of GDP145.5 million. All 38 stores in the deal will remain as convenience stores.

The transaction will be subject to CI’s regulatory authorities and is hoped to be completed by July 2024.

The deal will include Jersey and Guernsey stores currently trading under the following fascia: Morrisons Daily, Iceland, Checkers Xpress and Le Cocq’s in Alderney. The deal does not include the Marks & Spencer Jersey business which will remain part of the SandpiperCI Group.

It is anticipated that all store-based colleagues will transfer over to Wm Morrison Supermarket Limited.

The cross-jurisdictional Appleby team was led by Managing Partner James Gaudin and Counsel Paul Worsnop in Jersey, with support from Senior Associate Stephen Le Cornu and Associate Inyeneobong Udoh. The real estate elements of the transaction were led by Partner John Bisson and Counsel Kate Westwater. Employment advice was led by Guernsey Partner Richard Sheldon and Guernsey corporate was led by Partner Stuart Tyler with assistance from Associates Omolola Botsane and Raphael Chitambira.

James Gaudin said: “We are really pleased to have been able to work with the supermarket chain, which of course is a household name, on this exciting deal. Appleby’s expertise in corporate law, property and employment across the Channel Islands came into play to showcase how well Appleby jurisdictions work together and I know this was very much appreciated by our client.”

Key contacts

James Gaudin

Managing Partner: Jersey

T +44 (0)1534 818 337
E Email James

Paul Worsnop

Counsel: Jersey

T +44 (0)1534 818 227
E Email Paul

Stephen Le Cornu

Senior Associate: Jersey

T +44 (0) 1534 818 165
E Email Stephen

Inyeneobong Udoh

Associate: Jersey

T +44 (0) 1534 818 147
E Email Inyeneobong

John Bisson

Partner: Jersey

T +44 (0)1534 818 024
E Email John

Kate Westwater

Counsel: Jersey

T +44 (0) 1534 818 474
E Email Kate

Richard Sheldon

Managing Group Partner*: Guernsey

T +44 (0)1481 755 904
E Email Richard

Stuart Tyler

Partner: Guernsey

T +44 (0)1481 755 606
E Email Stuart

Omolola Botsane

Associate*: Guernsey

T +44 (0)1481 755 613
E Email Omolola

Raphael Chitambira

Associate*: Guernsey

T +44 (0)1481 755 602
E Email Raphael

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