Nisa shareholders back Co-op takeover

14 November, 2017

The Co-op has secured the £143m takeover of Nisa, with slightly more than the 75% of votes required to succeed.

The board recommended last month that the 1,190 shopkeepers who own Nisa accept the deal, and yesterday the members voted with 75.8% supporting the deal. The remaining 24.2% voted against the takeover.

Nisa chairman, Peter Hartley, said: “We as a board are firm in our belief that a combination with the Co-op is the best interest of Nisa’s members. The convenience store environment is changing rapidly, and is unrecognisable from that which existed when Nisa was founded more than 40 years ago. Co-op will add buying power and product range to our offering, while respecting our culture of independence.”

The deal will still need approval from the Competition and Markets Authority, and this is expected to take place in March next year.

Nisa said the deal gave the merged group seven times the buying power of Nisa, and it added that shopkeepers would be able to choose how much they buy from the Co-op. Its members include those running small chains, giving the business a network of 2,400 stores as well as a wholesale business. 




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Lifting the spirits

I were to sum up alcohol sales over Christmas 2017 in one word, it would be “gin”. At Nielsen, we define the Christmas period as the 12 weeks to December 30 and in that time gin sales were £199.4 million, which means they increased by £55.4 million compared with Christmas 2016. There’s no sign the bubble is about to burst either. Growth at Christmas 2016 was £22.4 million, so gin has increased its value growth nearly two-and-a-half times in a year. The spirit added more value to
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