James Bielby, CEO, Federation of Wholesale Distributors
“Wholesalers have asked the prime minister for clarity and confidence and he’s partly delivered the first of those. However our members’ experience of previous lockdowns and u-turns means they’ll be cautious about investing ahead of each scheduled opening date. Those who distribute to the hospitality sector can’t afford to foot the bill yet again for government dithering.
“We saw several times last year how short-notice changes disproportionately impact wholesalers, who have to stock up in advance of demand. What we need from government is at least two weeks’ notice if it has to deviate from the roadmap at any stage, or if that’s not possible, a consideration for the cost of the excess stock that will go to waste as a result of the late changes.
Debut for FMI s Supermarket Employee Day
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Bestway Wholesale completed its acquisition of the Costcutter Supermarkets Group
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Bestway Completes Acquisition Of Costcutter
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By Ronan Hegarty2021-02-19T14:31:00+00:00
Costcutter reported sales for the 12 months to December 2019 of £426m
Bestway Wholesale has completed its takeover of Costcutter Supermarkets Group from Bibby Line Group after receiving approval from the Financial Conduct Authority.
The acquisition, which was announced in December, takes Bestway Wholesale’s annual turnover to almost £3bn, with a symbol, franchise, and company store retail estate of more than 3,795 stores in the UK, including 2,682 fascia and 195 company owned. Costcutter currently operates around 1,500 stores and reported sales for the 12 months to December 2019 were up 10% to £426m.
Bestway Wholesale MD Dawood Pervez will lead the enlarged business while Bestway COO Naser Khan has been charged with overseeing the Costcutter integration.