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Contract Wins and Joint Ventures

McColl's Retail seals deal with Morrisons

01 August 2017 07:16

McColl's Retail reached an agreement for Wm Morrison Supermarkets to supply McColl's growing estate of 1,300 convenience stores, and 350 newsagents.

This long-term partnership provides McColl's with a best-in-class fresh food and grocery offer through the relaunched Safeway brand, which it will enjoy exclusively for a period of 12 months.

This would significantly advance McColl's fresh food credentials and provide its customers with an enhanced range.

The agreement also allows McColl's to improve its commercial terms and simplify its operations as it migrates to a single wholesale partner for the entire estate.

Morrisons will supply both Safeway and branded products to McColl's, with a phased rollout programme starting in January 2018.

McColl's CEO Jonathan Miller said: "As a large, leading multiple grocery retailer with its own outstanding food manufacturing capability Morrisons stands apart from the competition, and we are truly delighted to be entering into partnership with them.

"In McColl's, Morrisons gain a long-term partner of significant scale with a growing neighbourhood convenience estate and in Morrisons we gain access to their best-in-class sourcing and manufacturing capabilities.

"This will enable us to provide our customers with the highest quality fresh food through the relaunch of the much loved and trusted Safeway brand.

"This is a defining moment for McColl's and builds on the transformational deal we announced last year to acquire 298 high quality convenience stores."

Morrisions CEO David Potts said: "We are very pleased to partner with McColl's, and look forward to developing a long and successful relationship together.

"We are also pleased to be reviving the Safeway brand which we know customers will enjoy.

"This new partnership is a further example of Morrisons leveraging existing assets to access the UK's growing convenience food market in a capital light way.

"Wholesale supply will help make us a broader, stronger business."

Story provided by StockMarketWire.com

Related Company: MCLS

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