THE CO-OPERATIVE store in Aberystwyth will close tomorrow and re-open a week later under a new brand.

The store, which became Co-ops following the company buying out the Somerfield chain for £1.6bn in 2008, will be rebranded as a Budgens supermarket after 36 former Somerfield stores across the UK were snapped up by the Food Retailer Group for an undisclosed sum.

None of the staff at the Aberystwyth store on the Ystwyth Retail Park on Park Avenue will lose their jobs, with workers transferred to the new business under the agreement.

The Food Retailer Group said said that the change in ownership will “not impact daily business and stores will continue trading as usual.”

“All employees will transfer with the business, and there are no planned redundancies,” a spokesman said.

The Co-Operative store in Penparcau, not a former Somerfield, is unaffected by the deal.