Waitrose, the food shops of the John Lewis Partnership, has has reached an agreement with Booker Retail Partners GB to acquire its Budgens shop in Mountsorrel, a village in Leicestershire just south of Loughborough.
It will become only the sixth Waitrose shop in Leicestershire and its first branch to open in the county since 2012.
The Budgens staff employed at the branch will transfer to Waitrose and a further 40 jobs will be created as part of a multi-million pound investment being made in the store.
The Mountsorrel branch will continue to trade until the end of February. It will then be handed over to Waitrose in late March with the new shop opening in late spring 2016.
Nigel Keen, director of development at Waitrose, said: “This is an exciting opportunity to bring the Waitrose brand to Mountsorrel and we cannot wait to welcome our new customers in the spring. We look forward to becoming part of the community and making a positive contribution to the area for many years to come.”