Nisa-Today's split approved by members
Members of Nisa-Todays have approved plans to separate the buying groups retail and wholesale arms.
At an AGM in Scunthorpe this week, the group’s members overwhelmingly voted in favour of splitting Nisa and the Today’s Group with the separation planned for early next year.
The proposal had been put forward in recognition of a change in the marketplace in which both companies operate since the group was first formed in 1987. The group said that Today’s wholesale had very different future needs to those of Nisa Retail.
The separation will allow both companies to tailor their individual strategies and change their resources and direction. However, they will still continue to trade with central distribution and pursue joint buying or distribution opportunities.
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