Costcutter has secured a new long-term trading partnership with the Store Retail Group (SRG), which currently operates six stores across the Manchester region.
The group, led by Mital Morar, agreed on terms and commenced trading with Costcutter earlier this month. The partnership will see Costcutter work alongside Mital to provide expertise and support to further develop his retail business, as well as central and direct to store supply for the group’s stores which include the General Store and Foodhall brands.
Plans are said to be already underway to expand the partnership with the potential for more sites to be brought on board under the agreement before the end of 2020 and into 2021.
Commenting on the deal, Morar said: “I’m very pleased to be aligning my business with CSG. I’ve been particularly impressed with their partnership approach to business development and the wealth of expertise they can bring to our group. My team and I are excited for the future of our partnership and to already be working collaboratively on a number of new opportunities.”
Jamie Davison, Costcutter’s Business Development Director added: “SRG is a progressive and well-respected group and we are delighted to announce this new partnership. Partnering with Mital and his team is testament to our leading offer and levels of support which will enable SRG to respond to and thrive in today’s challenging market. We are looking forward to supporting them as they further develop and expand their unique retail offering.”
NAM Implications:
- But one of many collaborations, mergers and take-overs to be expected from Lockdown 2.
- Key to harmonise your prices & terms in advance, ideally…
- …before your customers do it on your behalf.
