Co-op Wholesale and Costcutter owner Bestway have struck a new agreement which will “unlock greater value for independent retailers”.
Costcutter has been supplied by Co-op Wholesale, under its former name Nisa, since 2018 but the existing contract was due to expire at the end of the year.
In a joint statement, Co-op Wholesale and Costcutter said the partnership “signals the start of a new opportunity, bringing the collaboration and strength of both businesses”.
Co-op Wholesale managing director Katie Secretan said: “I am delighted to announce this new agreement, which goes further than just a supply deal. We are jointly focused on true partnership as the key ingredient for mutual success, as we collectively support independent retailers to grow through our market-leading propositions.”
Dawood Pervez, managing director of Bestway Wholesale, said: “The continuation of our collaboration will see Costcutter stores continue to benefit from the market-leading full-service convenience model from Co-op Wholesale, including access to the iconic and best-in-class Co-op own-brand products. Both businesses are committed to working together to continuously improve the offer, supporting retailer growth in an evolving market.”
The announcement ends months of media speculation that Bestway was looking for a new supplier for the group.
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