In the News
Forward Vertical Integration: Wholesaler Bestway takes stake in Sainsbury's
28th January 2023
Is more change afoot for the UK retail grocery sector?
Bestway is a wholesaler founded in 1976 by Sir Anwar Pervez and one of the largest privately-owned businesses in the UK.
Teachers of a certain vintage will recognise the name Batley’s Cash and Carry which forms part of the Bestway collection of companies and brands.
Bestway also owns the York-based Costcutter Chain of franchised local convenience stores along with the Well Pharmacy chain. In purchasing 81 million shares,
Bestway has taken a 3.45% stake in Sainsbury’s – perhaps a sign that they intend bid for the business eventually? Or just benefit from Sainsbury’s successfully battling the challenge from Aldi and Lidl among others?
More here from the Guardian: Costcutter owner Bestway takes near £200m stake in Sainsbury’s
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.
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