Nisa news

10 October 2017
Following a month of exclusive talks, the UK's largest consumer co-operative, the Co-op Group has launched its bid to acquire the member-owned retail and wholesale group Nisa.  The deal puts the value of Nisa's full shareholding at £137.5m which, with associated costs of £5.5m, will result in a total payment of £143m by the Co-op.  If successful, this acquisition will establish the Co-op as a sig...
06 October 2017
Nisa retail, the delivered wholesaler and convenience retail specialist, has announced the appointment of Arnu Misra as interim Chief Executive Officer; following the departure of Nick read last week. Extensive retail experience in UK and Canada With nearly 30 years of retail experience Arnu Misra, has been an independent non-executive director with Nisa since November 2016.  Previously he ...
02 October 2017
Nisa Retail, the leading UK independent retail buying consortium and distributor, has announced that Nick Read, chief executive since 2014 is to stand down with immediate effect.  The board of Nisa is now engaged in a succession planning process to appoint a replacement. Not expected to impact takeover talks Nick Read's resignation comes in the middle of ongoing talks with the Co-operative ...
30 August 2017
Nisa, the leading buying consortium and distributor to the independent retail sector, has announced to its members that the Co-op now intends to launch a bid to acquire the business 'as quickly as possible'.  Press reports indicate the deal will value Nisa at £140m. Entering period of exclusivity Following the decision of Sainsbury's to step back from its plan to acquire Nisa, the Co-op has...
16 August 2017
The UK's second largest grocer has suspended talks to acquire wholesaler Nisa according to press reports. CMA probe prompts rethink The decision to pause the deal follows last month's publication of the Competition and Markets Authority's provisional findings into Tesco's proposed £3.7bn merger with Booker . These highlighted two key areas of concern. Firstly, the risk of a reduction of c...
30 June 2017
Major UK wholesale distributor, Nisa, has reported full year sales (to 2 April 2017) down 2.6% to £1,252m.  The decline is attributed to deflationary pressures which left like-for-like sales down 1.5% and the loss of sales from the former member My Local which collapsed in June 2016. Outlook for 2017/18 The prospect of a return to significant growth in 2017/18 are good, recruitment of new s...
13 April 2017
Nisa launched its new 'Store of the Future 2 Evolution' format at its annual exhibition at Stoneleigh this week. New concept moves away from one size fits all Nisa's new format is an updated version of its 'Store of the Future 2' format, which launched in 2015. The new 'Evolution' version is a modular approach, which offers retailers more flexibility, without the strict specification poli...
06 April 2017
Nisa Retail has announced its Q4 results for the trading period for the 13 weeks to 2 April 2017. They show a strong performance with total sales of £299m, +2.2% on a like for like basis with last year. Expectations for EBITDA for the full financial year are to hit £8.5m, (2016: £7.3) in line with its targets. Increase in member numbers Sales across the categories performed well with non-...
05 January 2017
Major distributor to the UK independent and convenience retailing sector, Nisa has reported like-for-like sales through its central distribution service up 2.2% in the 10 weeks to 1 January 2017, showing a healthy performance through the key festive trading period.  Meanwhile total sales, boosted by the addition of 77 new member stores to its network in the period, were up 2.7% (excluding sales t...
10 November 2016
Major UK convenience specialist, McColls has announced that the 298 stores acquired from the Co-operative will be supplied by Nisa Retail central distribution.  This is an extension to the existing relationship by which Nisa supplies over 600 of McColls more fully ranged convenience stores. Nisa will take on supply as stores convert Subject to the clearance of the acquisition by the Competi...