In the News
Forward Vertical Integration: Wholesaler Bestway takes stake in Sainsbury's
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