Weekly News Digest: Today’s/Landmark Merger Approved
Breaking News: Today’s/Landmark Merger Approved It has just been confirmed that the respective wholesale members have approved the proposed Today’s/Landmark merger. John Mills MD of Landmark states: “Further to the Extraordinary General Meetings held yesterday, I am pleased toadvise that our respective members have voted in favour of the proposed merger between Landmark and Today’s to create a new company called Unitas Wholesale Ltd.”
“As previously communicated, the objective of this merger is to create a more efficient and effective entity that provides scale, sustainability and relevance in a rapidly changing competitive environment. Both businesses have a history of success, with great employees and broadening capabilities. However, together and by blending the best of both, we can become a first-choice business partner, championing independent business and providing a platform for success into the future.”
McColls Sales Down
Convenience Store Online reports that the convenience chain McColls has reported a drop in like-for-like sales of 0.9% in the third quarter. They attribute this to continued supply chain disruption due to the Palmer & Harvey collapse. They have also announced that their accelerated rollout of 1,300 stores to the Morrison’s supply distribution is complete. Latest: the I reports that McColls shares are up 13% on the news of the Morrisons distribution completion.
PayPoint One hits Ten Thousand Convenience Installations
Convenience Store online reports that PayPoint has announced that they have installed over 10,000 PayPoint One devices across the UK convenience sector since launch in 2016. PayPoint One is retail services platform offering cloud-based EPOS technology, contactless payment and PayPoint services.
Tax cuts for millions of self-employed scrapped by the Government
Linked In online reports that: the Treasury revealed the abolition of Class 2 National Insurance contributions, due to occur in April this year, would no longer go ahead under this parliament. Almost 3.5 million people were expected to benefit from the £134-a-year tax cut if they made a profit of £6,205 or more a year.
The UK high street experiences worst August performance in three years.
Linked In online reports that advisory firm BDO said underlying sales at physical stores fell 2.7% last month as rising interest rates and subdued wage growth continue to eat into disposable incomes.
Veganism and Plant-Based Food in high growth
There are now around 3.5 million people in the UK identifying as vegans. Becoming a vegan appears to have a range of health benefits plus environmental advantages. This trend being reflected in food range additions across the industry. This week Sainsbury’s announced the launch of their plant-based burger and mince range.
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