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Tesco 'interested in acquiring axed Post Office branches' as part of franchise model

Tesjson has shown an interest in acquiring a number of axed Post Office branches as part of a franchise model, according to reports

Tesco makes two product recalls(Image: Huddersfield Examiner)

According to reports, Tesco has shown interest in taking over a selection of Post Office branches that have been discontinued, with the intention of operating them under a franchise model.

Sky News revealed that Post Office chairman Nigel Railton informed MPs earlier this week about the 海角视频's largest supermarket chain's interest in the 108-site Crown Post Office network, as reported by .

WHSmith and the Co-op are already managing numerous post offices across the 海角视频 as franchises. The remaining offices, known as Crown Post Offices, are now the focus of Tesco's expressed interest.

The future of the Crown Post Offices has been uncertain since last Autumn when Railton unveiled his transformation plan during a broader strategic review following the Horizon IT scandal.

This scandal involved defective accounting data leading to the unjust prosecution of over 900 postmasters and is currently under investigation by both a Government inquiry and an internal Post Office probe.

The Horizon IT scandal shocked the Post Office(Image: HullLive)

Initially, there were fears that these sites might shut down; however, the interest from retailers, including Tesco, indicates that a franchise model could be a more viable option.

The Communication Workers Union (CWU) had previously condemned the potential closure of these sites as "tone deaf as it is immoral."

Last October, Conservative shadow business secretary Kevin Hollinrake proposed that the entire Post Office could be transformed into a mutual organisation similar to John Lewis, where customers or shareholders hold the majority of shares.