The Independents Independent Wholesaler
Delivered wholesale business Kitwave is now 35 years old and serves around 39,000 mainly independent customers. Kitwave has opened a new distribution warehouse in Wakefield which will help the business grow its on-trade foodservice offering. In February, the wholesaler acquired M.J. Baker, expanding the group’s activities into the southwest of England. Ben Maxted, COO at Kitwave, tells Wholesale Manager what…
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It’s been one year since the successful admission of Kitwave Group PLC to the AIM market of the London Stock Exchange and wow, what a journey! The Group started with humble beginnings back in 1987, which saw our business founded as a single-site wholesaler specialising in confectionery. Now, in 2022, we’re celebrating one year since going public with a fantastic…
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Kitwave Group plc, the delivered wholesale business, is pleased to announce the opening of a new distribution warehouse in Wakefield. This facility replaces the Group’s previous Wakefield site and will act as the head office for on-trade wholesaler HB Clark. The premises will also allow for integration of the Leeds depot. The site spans 165,000 sq ft, housing a purpose-built…
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Kitwave Group achieved revenue of £380.7 million and adjusted operating profit of £7.1 million in the 12 months ended 31 October 2021. The company is using the 18 months to 31 October 2020 as its comparative prior period, when revenue was £592 million and adjusted operating profit was £16.5 million. Read full article here
Read full article Kitwave Group plc, the delivered wholesale business, is pleased to announce that the Company has acquired M.J. Baker Foodservice Limited, the West Country’s leading independent foodservice supplier. Founded in 1999 and based in Newton Abbott, Devon, M.J. Baker offers over 3,500 products in ambient, chilled and frozen foods, together with alcohol, confectionery and non-food items. The leading brands are complemented…
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Kitwave Group plc, the independent, delivered wholesale business, is pleased to announce the appointment of Ben Maxted, Group Operations Director, Head of the Frozen and Chilled division, to the Kitwave Board as Chief Operating Officer with immediate effect. Ben joined the Group in 2011 as the divisional Finance Director of the Automatic Retailing division, a role which he held for…
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Kitwave Group plc, the independent, delivered wholesale business, is proud to announce that David Brind, Chief Financial Officer, and his friend Stuart Jackson are undertaking a 100-mile hike from Berwick to Newcastle, starting on Wednesday, 20 October 2021, in support of the Heart of the Tyne campaign on behalf of the British Heart Foundation (“BHF”). Across the country, every 5…
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We are proud to announce that Kitwave Group’s IPO on the AIM market of the London Stock Exchange in May has been recognised as ‘Deal of the Year (above £10m)’ at Insider’s North East Dealmakers Awards 2021. The judges felt that, as one of very few IPOs completed in the North East, the deal is a significant boost for the local market….
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AIM listings have a habit of flying under the radar, and this week’s admission to the London market for established independent wholesaler, Kitwave, is no exception. The day turned out to be a success and shares have moved up since the flotation.
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Kitwave Group’s move to go public last week and list on London’s junior AIM market is big news for wholesale. The family-owned business is only the second food and drink wholesaler to be listed from The Grocer’s Big 30 Wholesalers, following Booker, which trades as Tesco. The Initial Public Offering has seen “strong investors” pour £82m into the North Tyneside-based…
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