9th February 2016
The Bestway Group has announced its financial results to the year ended 30th June 2016. Group turnover is up by 9% to £3.3b – although its wholesale business shrank by 1.1% to £2.2b. The company’s business also includes banking and pharmaceutical interests.
Group chief executive Zameer Choudrey accounted by the fall in the wholesale business through food price deflation, intense competition and changing consumer habits: “2016 has been a year of consolidation for the group and despite difficult business conditions in the UK we have maintained out market share across the whole sale and pharmacy business,” he said.