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29/11/2017

PRESS STATEMENT

Palmer and Harvey

The Today’s Group’s initial thoughts are for the hard-working employees and industry colleagues working at Palmer and Harvey following the announcement yesterday that the organisation has entered administration.  While the wholesale channel is renowned for its fierce competition, it is also a channel where mutual respect prevails, particularly of a business with such a great heritage.

This event serves as sobering evidence of the impact that “thin” wholesale margins can have and the influence on choice when other operators are able to leverage power to grow share.

Today’s Group also recognise that thousands of independent and multiple account customers could also be adversely affected in the short term.  The Group is working in collaboration with key suppliers to ensure upweighted stock holdings and key pricing on critical items in order for independent businesses to be confident in making their local Today’s Group member wholesalers first choice to support this change.

Today’s Group

 

 

 

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