C OV E R
ACQUIS
AMACOR
AMACOR to continue aggressive buyup strategy
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Despite recently launching four new stores in two months, the Bury-based convenience chain is looking to expand further.
cquisitive convenience retailer AMACOR Capital four stores, each in a very short spell of time and the team has is on the hunt for convenience stores to add to done incredibly well to get all stores integrated and trading its 16-strong chain. under the Nisa fascia. The company was established in 2018 by Kevin Amphlett “We are delighted to add these sites to our growing estate and Martin Corban who joined forces to invest in the and look forward to serving the local communities.” fast-growing retail convenAMACOR says it has ience sector. Chairman “clear ambitions” to grow its of the Board and AMAportfolio of stores to 20 by the COR’s principal invesDESIRED ATTRIBUTES end of the year. tor, Amphlett had a long Wilson added: “We have a ● Retail convenience stores with a career in the private medhealthy pipeline and are actively turnover of at least £25,000 per week ical insurance industry looking for new sites across the (excluding services) ● National or local managed estate of before creating and buildNorth of England, Midlands convenience stores ing a multi-million pound and North Wales with ambi● Trading in the North West, North East, tions to surpass 30 stores by company. Corban has more North Wales or Midlands the end of next year.” than 30 years’ retail experi● Leasehold but would consider freehold opportunities ence following a successful Martin Corban, Manag● Solid relationships with suppliers and career with Sainsbury’s. ing Director of AMACOR, colleagues The group, which said: “It has been a busy two ● 2,000+sq ft retail space became a Nisa Retail key months with four new addiaccount partner in June 2018, tions to the Group. We are always made four acquisitions in quick looking for great new opportunities to expand and succession during May and June, launching all four look forward to further growth over the coming year.” stores in record time under the Nisa Local fascia. AMACOR also recently completed a refit of its store on The sites – in Hebden Bridge in West Yorkshire, Bradford Broughton Lane in Salford. The refresh enabled it to signifin West Yorkshire, Newton-le-Willows in Cheshire, and Wrexicantly add to the range of products available and introduce ham in North Wales – include three former Co-op stores. new services Nisa’s Head of Retail, Victoria Lockie, said: “Working with A number of new services have been introduced across such ambitious and progressive retailers like AMACOR is the new stores including Costa Express, fwip and Tango Ice really exciting and the pace at which acquisitions are made Blast, all of which have been well received by customers and and stores start trading is really fantastic. We wish the team helped to attract additional footfall. Head of Acquisitions at AMACOR, Alex Wilson, said: luck in the expansion of their estate and look forward to “We completed the sales, re-branded and launched our last supporting them along the way.”
10 I SLRMAG.CO.UK / ISSUE 73/ WEDNESDAY 15TH SEPTEMBER 2021
