Convenience store sector "will consolidate"
The man who led Costcutter’s takeover of the Rhythm & Booze off-licence chain is predicting more consolidation in the convenience retailing sector.
Nick Ivel, Costcutter chief executive and a director of parent company Bibby Retail Services when it bought R&B from its administrator in March last year, has been hired by accountancy firm KPMG to advise clients on their convenience store strategy.
Ivel, who left Costcutter six months after the acquisition, said: “This is an exciting and changing sector with a lot of consolidation still to happen.
"Costcutter’s recently-announced joint venture with Palmer & Harvey is simply the tip of the iceberg and I expect to see many other players considering a simi- lar strategy.”