Supply Chain

World Cup sticker price rise sees newsagent distributor CEO resign

Mark Cashmore, the CEO of Connect newsagent distributors, has left the company after it saw shares plummet by 66% (an all time low) after the price of Panini’s World Cup sticker packs increased from 50p to 80p. Chief financial officer David Bauernfeind has also left the company following the price…

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Tesco, Nisa and Aldi products recalled after ‘metal wire’ found

Own-brand products made for Tesco, Nisa and Aldi by the Addo Food Group are to be recalled after “small pieces of metal wire” were found. The Food Standards Agency (FSA) found potentially contaminated products include sausage rolls, pasties, pastry pies and slices. The recalled items all have expiry dates between…

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Conviviality goes into administration

Drinks retailer and wholesaler Conviviality has filed for administration just a day after selling its wholesale business. Administrators PwC released a statement which read: “Matthew Callaghan, Ian Green and David Baxendale of PwC have today been appointed as joint administrators to Conviviality Plc. “Conviviality Plc continues to engage with parties…

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Magners cider owner buys Conviviality wholesale division

The owner of Magners cider, C&C, has completed a deal to acquire Conviviality’s wholesale distributors. The beverage supplier and retailer has sold its Bibendum and Matthew Clark brands, with the support of brewer AB InBev. C&C was in early morning talks with Conviviality on 4 April, and by the end…

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Conviviality administration announcement puts 2500 jobs in danger

Bargain Booze owner Conviviality has announced plans to file for administration within the next two weeks, after failing to secure a proposed £125m fundraising bid to avert bankruptcy.   The unexpected £30m tax bill led to a suspension of the off-licence retailer’s shares on the junior market and the cancellation…

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ASOS teams up with High Commission in Mauritius for modern slavery event

Online fashion retailer ASOS is hosting an event with the British High Commission in Mauritius today (22 February). The event will bring together local and international stakeholders to discuss the challenges in managing labour migration and agree a common framework for improving worker protection in Mauritius and beyond. Organised as…

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Retailers risk losing customers if internal productivity issues are not resolved

The Office for National Statistics (ONS) revealed retail sales in the UK fell by 1.5 per cent in December 2017 compared with November, which underlines the difficulties that retailers are facing in terms of persuading consumers to spend money. Retail technology group Conversity said that addressing this “squeeze in consumer…

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Tesco launches free staff food scheme to tackle food waste

Supermarket giant Tesco will be introducing a new scheme that lets colleagues take home food that’s approaching its expiry date. Food that cannot be sold is first offered to local charities and community food groups, but often charities do not need or cannot process everything that is offered to them,…

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Pets Corner bucks online trend with 8.7% sales growth in-store

  Pet retailer Pets Corner has revealed its like-for-like sales in December were up by 8.7%, compared with the same period last year. Significantly, the report also revealed 98% of its sales came from in-store retail purchases. Early forecast figures for 2018 showed the current £6.2m EBITDA figure is estimated…

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Pets at Home reports strong Christmas sales, ends Barkers store trail

  Pet supplies retailer Pets at Home has revealed positive sales growth for the 12-week period ending on 4 January 2018, compared with the same period last year. The groups reported revenue growth of 9.6% to £223.3m, with merchandise up by 9% to £193.4m and omnichannel up 77% to £13m.…

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