Nisa to supply My Local in £1bn five-year deal

  • Print
  • Share
  • Comments (15)
  • Save

Nisa has announced it will supply My Local, the new c-store group acquired from Morrisons, in a five-year deal worth up to £1bn.

The 140-store M Local chain was acquired yesterday - and rebranded My Local - by a group headed up by Mike Greene and backed by Greybull Capital. 

Nisa said fresh sales would make up 45% of the offer, while its flexible business model would allow each store to source product specific to the needs of its local community.

Mike Greene, chief executive of My Local, said: “We are delighted to have reached agreement with Nisa, the UK’s leading specialist delivered wholesaler. This partnership is essential to the future of My Local and will form an important part of our plans to create a sustainable, profitable business for the future.

“We look forward to working with Nisa to deliver the fast, fresh service that our customers expect and we see great opportunities to drive benefit together.”

Nick Read, chief executive of Nisa, said: “We know Mike and his team well and we are very excited to be working with them. Nisa offers an unrivalled range of products, we out-perform the market on fresh food, particularly through our award winning Heritage range, and our distribution service leads the sector.

“We also share a community focus with My Local which will underpin our future business relationship, while the communities they serve will benefit from our ‘Making A Difference Locally’ charity.”

 

Readers' comments (15)

  • This is only positive news for Nisa as it will help drive forward its offering. Completely changes the scenario for the symbol sector. With Booker creating a buying power house, Nisa seems to have cemented its future with this supply arrangement and the loss of Costcutter has been marginalized. I wonder how much longer before Nisa regains lost ground?

    Unsuitable or offensive? Report this comment

  • This news is cold comfort to the NISA staff that were served with redundancy notices this week.

    Unsuitable or offensive? Report this comment

  • What a load of rubbish Jason!!

    Unsuitable or offensive? Report this comment

  • Jason - no we weren't. Why be served redundancy notices when these deals take months to pull off. Idiot!

    Unsuitable or offensive? Report this comment

  • I am delighted for NISA that they have acquired a professional operator who is willing to work with the symbol. Working with a symbol in an ever closer union for the greater good is where we should all be heading. I am convinced that the only way to achieve store standards and services cost effectively is to work with your symbol partner. Good luck …

    Arjan Mehr Londis Bracknell

    Unsuitable or offensive? Report this comment

  • M LOCAL has cost Morrisons £30 million net loss. Morrisons are BIG BOYS in the field.
    They may have seen the future and --- Convenience is not the way forward. We will wait and see. Despite all the drum bashing and fashion for Convenience, I think it has had its best days.
    Convenience is currently having a hard time and there are very few complainants, at least in Public. Tell me a retailing convenience group who is having a profitable time.

    I think MY LOCAL may be a tiny bit naïve in its optimism and bullish in its behaviour. The other BIG BOYS would have paid Morrisons a hefty sum for the chain if the prospects were good. The rest of us boys should keep calm. Remember this is a desperate un-profitable number of stores now contracted to a desperate and unprofitable central supplier

    We should wait and see how things pan out. I'm not in or confident on this one.

    Nisa will also have offered better Buying terms than its long term members in its own desperation.

    Unsuitable or offensive? Report this comment

  • Reminds me of Kwik Save

    Unsuitable or offensive? Report this comment

  • Why is it rubbish? they have made redundancies to the guys that do the printing at scunthorpe, i know as i work there and they got told this week but not been given a date yet!

    Unsuitable or offensive? Report this comment

  • We all remember Seasurfer.............stubbornly Pro Costcutter. Btw Co op reported positive trading. So its not all doom and gloom. Ever thought Morrisons not wanting to lend it's estate to its competitors?

    Unsuitable or offensive? Report this comment

  • I know I'm disappointed that I'll be getting a sub standard chill range vs Morrisons. I avoid heritage cooked meat like the plague. This won't work! Horrible product in good locations will simply amplify this poor quality. Bad move

    Unsuitable or offensive? Report this comment

View results 10per page | 20per page

Have your say

These comments have not been moderated.

You are encouraged to participate with comments that are relevant to our news stories. You should not post comments that are abusive, threatening, defamatory, misleading or invasive of privacy. For the full terms and conditions for commenting see clause 7 of our Terms and Conditions ‘Participating in Online Communities’. These terms may be updated from time to time, so please read them before posting a comment.

Any comment that violates these terms may be removed in its entirety as we do not edit comments.

If you wish to complain about a comment please use the “report this comment” facility or email groceremails@wrbm.com

Mandatory
Mandatory
Mandatory
Mandatory

Related images

  • lorry
  • Print
  • Share
  • Comments (15)
  • Save
Sign in

Newsletter Sign-up

I wish to receive the following newsletters:

FOLLOW US