22nd June 2022 Foodstuffs / Wholesale
The co-op says differentiated cost pricing from suppliers will have to change to make wholesaling to external retailers work.
The grocery group wants to know who could be using its wholesale service so it can gauge demand, and get suppliers in line too.
The purchased business will be consolidated into Service Foods’ new $36m Trentham DC.
The acquisitive wholesaler is considering bringing in a private investor or an IPO as it looks for long-term capital.
Separating NZ’s supermarket duopoly from wholesaler subsidiaries like Gilmours could help suppliers, says the Commerce Commission’s grocery sector draft report.
The Foodstuffs subsidiary has filled a new senior role and is launching a revamped fresh food offering in a bid to become NZ’s top foodservice wholesaler.