AF Blakemore & Son today (April 3) announced that following a strategic review, it has decided to sell its Wholesale division, consisting of 12 cash and carry depots, as a going concern.
Geoff Hallam, joint MD of AFB said “The move away from the cash and carry sector will allow the company to invest further across its wider business and focus its future strategy upon its remaining divisions, as it continues to drive innovation within the retail and wholesale distribution sectors.
“The company has now informed colleagues and will support all 520 of those impacted throughout this process. Further information will be provided as the situation progresses over the coming weeks.”
AFB has been long-standing member – thought to be the largest – of the Landmark Wholesale buying group and the relationship with Landmark will remain ‘business as usual for the immediate future’ and ongoing through the Foodservice and Wholesale Distribution divisions.
“We will be sorry to see AFB’s cash & carry depot division changing hands, however we are hopeful that some depots may not leave the Landmark family,” said John Mills, managing director. “We understand that in this consolidating market, AFB have to do what is right for their business. We will work closely with their management team during this process.”
Mills continued: “With 40 members and a group turnover of c.£2.8bn, Landmark’s focus will remain on providing our members with the best support we can in this competitive environment, including our terms package and access to the central office services such as our award-winning own brand ranges, marketing and promotions programmes, IT support and many more.”