Oundle public school leases out old bookshop
A public school in Northamptonshire has leased out a bookshop it has owned since 1923.
Oundle School near Peterborough used to run the Oundle Bookshop in the town's Market Place.
But now it has leased the business to independent company Colemans, which sells stationery, art supplies and craft materials.
The school said it had made the decision to ensure "that it uses its resources in the most appropriate way".
A statement said: "By working with Colemans in this way it ensures the town retains a bookshop whilst the school continues to concentrate on its primary purpose."
Colemans, which officially took over on 30 July, has pledged to keep the bookshop as it is. The school did not reveal how much money was involved in the deal.
The majority of the existing bookshop staff will transfer with the business, a spokeswoman for the school said.