Nisa news

08 May 2018
The Co-op has announced the appointment of Ken Towle as Chief Executive of its newly acquired Nisa subsidiary.  The former senior Tesco executive has taken up the role with immediate effect, replacing Arnu Misra who stepped in as interim Nisa CEO in late 2017.  The announcement comes on the day that the Co-op's acquisition of the wholesale distributor gained final legal recognition. Ken Towle ...
24 April 2018
The Competition and Markets Authority has cleared the Co-op’s £137.5m takeover of buying group Nisa, saying " the proposed merger does not give rise to competition concerns ”.  Co-op is now likely to take over the running of Nisa in May. Competition between shops unaffected Co-op, as a groceries retailer, and Nisa, as a groceries wholesaler, do not compete head-to-head. However, as Nisa sup...
11 April 2018
Wholesale distributor, Nisa Retail, has announced trading figures for Q4 of its 2017/18 year (13 weeks to 1 April), reporting total sales for the period up 26.1% to £377m.  However, underlying growth was weaker, down 1.1%.  This is perhaps the last quarter that Nisa will report as an independent business, with its acquisition by Co-op expected to complete during Q2, following the Competition & Ma...
01 March 2018
The UK Competition and Markets Authority has now begun its preliminary investigation into the potential effects of the proposed acquisition of wholesaler/distributor Nisa by the Co-operative Group. Decision on Phase 2 by 23 April Launched on 23 February, the CMA will report on 23 April whether it needs to take its investigation to a more detailed Phase 2 enquiry.  In the absence of material...
04 January 2018
The delivered wholesaler and convenience distributor, soon to be acquired by Co-op, Nisa has announced its trading figures for the last 10 weeks of 2017, including the key festive month of December.  Reported sales for the period of £277m represents an increase of nearly 18% on 2016, boosted significantly by new business gained from its failed competitor, Palmer & Harvey. Like-for-like growth ...
05 December 2017
With the last Costcutter deliveries made by collapsed wholesaler, Palmer & Harvey, now at least a week ago, distributor Nisa has announced that it is providing stop-gap supply to some Costcutter stores, covering the interval before the launch of the new wholesale deal with Co-op in the Spring. How many of the 2,200 stores in the Costcutter network are covered is not clear, but presumably they ...
04 December 2017
Following the collapse of Palmer & Harvey, major convenience chain McColl's has extended its contract with Nisa on a short-term basis to ensure all its stores can maintain product availability.  As of Monday 4 December all of the McColl's stores previously supplied by Palmer & Harvey will receive ambient stock delivered through existing Nisa-supplied McColl's stores, for onward transfer by McColl...
30 November 2017
Following the announcement that the UK's largest delivered wholesaler Palmer & Harvey is now in administration, PwC, the administrators, have advised the company's customers that it cannot provide any further wholesale service and that even orders placed before the administration cannot now be honoured.  Therefore customers "will need to arrange an alternative source of supply going forward."   ...
29 November 2017
Following the collapse of Costcutter's supply partner Palmer & Harvey, it has been announced that the symbol group has signed an agreement with Co-op, by which it will become the exclusive wholesale supplier to the 2,200 Costcutter, Mace, Simply Fresh, Supershop and kwiksave stores.  The five-year deal will commence formally in Spring 2018, though with P&H ceased trading, Co-op is now exploring p...
13 November 2017
The 1,190 independent retailers that make up the shareholders of the Nisa buying and distribution consortium have voted in favour of the proposed purchase of the business by the Co-op Group, the UK's largest consumer co-operative. 76% to 24% in favour Despite reports of a potentially significant dissident vote against the deal, the proposal to sell the business gained the necessary super-ma...