Costcutter Supermarkets Group will continue to be supplied by Co-op Wholesale after the two parties agreed a new partnership.
Costcutter has been supplied by Co-op Wholesale, under its former name Nisa, since 2018, but its existing contract was due to run out in December of this year.
The new agreement ends wider industry speculation that Costcutter owner Bestway was looking for a new supplier for the symbol group. It was also previously reported in March that Co-op and Bestway were no longer in discussions to extend the deal.
“The continuation of our collaboration will see Costcutter stores continue to benefit from the market-leading full-service convenience model from Co-op Wholesale, including access to the iconic and best-in-class Co-op own brand products,” said Bestway Wholesale MD Dawood Pervez.
“Both businesses are committed to working together to continuously improve the offer, supporting retailer growth in an evolving market.”
Co-op Wholesale MD Katie Secretan added: “I am delighted to announce this new agreement, which goes further than just a supply deal. We are jointly focused on true partnership as the key ingredient for mutual success, as we collectively support independent retailers to grow through our market-leading propositions.”
The length of the latest partnership has not been confirmed and no further details have yet been shared on the full nature of the agreement.
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