Landmark and Today’s members vote to merge
96% of members who voted were in favour and merger to formally complete on 31 October 2018
Members of wholesale buying groups Landmark Wholesale and Today’s Group have voted for the groups to merge. Of those members who voted, 96% were in favour of the merger going ahead.
The member vote, which closed on 6 September 2018, will result in a larger, more effective and efficient group, Unitas Wholesale Ltd, dedicated to supporting independent wholesalers who will in turn support thousands of independent retailers and small businesses.
“We are absolutely delighted that our members voted to merge the two groups,” said John Mills, Landmark Wholesale managing director and Darren Goldney, Today’s Group managing director. “Through enhanced scale, relevance and capability, Unitas Wholesale will be the sustainable wholesale business partner for its supplier base, creating an alternative route to market in the face of the consolidation that is taking place within the wholesale sector.”
The merger will formally complete on 31 October 2018. By then both groups will have been through a period of consultation and selection with management and staff and will have announced the structure to support the new company.
Current 2018 joint business agreements between the two groups and suppliers will remain in place until the end of the calendar year. The Unitas Wholesale trading team will commence discussions with suppliers regarding 2019 terms once the merger has completed, with operational alignment occurring throughout 2019 via a process of integration.
“The creation of Unitas Wholesale offers an incredible opportunity to support independent businesses and enable them to thrive,” concluded Mills and Goldney. “Unitas will also create a new and exciting opportunity for suppliers, independent wholesalers and the thousands of independent businesses that we collectively serve.”