Londis Signs Strategic Membership Agreement With Stonehouse
Published on Dec 19 2013 11:46 AM in Retail
ADM Londis has signed a strategic membership agreement with the Stonehouse Group, which will enable both businesses to combine their buying power.
The membership agreement will increase the Stonehouse Group's turnover by one third and will push the Group’s retail sales towards €1.5 billion through its 600 symbol stores nationwide.
A statement issued by Londis said that the agreement 'will have no impact on ADM Londis’ ownership by its franchisees and participating symbol groups will continue to compete with one another, but with the benefit of improved buying terms and enhanced opportunities for supply chain synergies'.
“This agreement is a step change for participating symbol group shops that are integral to the communities they serve," said Londis chief executive Stephen O’Riordan. "Arising from this agreement, local, independently owned stores will have the purchasing power of the major retailers but with the convenience and service that appeals to consumers."
Pictured are Tom Shipsey, CEO of Stonehouse and Stephen O'Riordan, CEO of ADM Londis at the signing of the strategic agreement between both companies.
© 2013 - Checkout Magazine by Stephen Wynne-Jones