Bestway Retail, part of Bestway Wholesale, has entered into a new long-term partnership with Penny Petroleum, the fifth-largest independent petrol forecourt operator in the country.
Over the past three years the partnership between Bestway Retail and Penny Petroleum has been focused on optimising the offer to 11 forecourts and retail stores, to deliver strong sustainable sales growth. The new agreement sees a further 57 stores joining the Costcutter operation to accelerate the customer offer.
As part of the agreement and development plan, Penny Petroleum will be rebranding its sites to Penny on-the Move and will join the Bestway Retail National Account division, benefitting from a dedicated business support team, that will work closely with the Penny Petroleum leadership and operational network.
Penny Petroleum has 19 sites in Scotland in Alloa, Ayr, Bathgate, Berwick, Bonnybridge, Castle Douglas, Camelon, Carluke, Eyemouth, Fort Augustus, Fort William, Halbeath, Jedburgh, Lauder, Rumford, Stranraer, and Tranent.
David Penny, Founder and Managing Director of Penny Petroleum, said: “Having reviewed our strategy for growth and the forward direction we are to take our business in to optimise the many opportunities on our forecourts, we are delighted to be entering a new phase of our trading partnership with the Bestway/Costcutter team.”
Vicky Hennessy, Chief Operating Officer of Penny Petroleum added: “it’s with good reason that we are broadening our relationship with the Bestway/Costcutter team, as together, we have formed an excellent understanding and shared commitment to delivering our mutual goals.
“Together, we are now concentrating on the branding and supply switch along with the roll out of our EPoS upgrade to CBE, so it is all systems go.”
Retail Director for Bestway Retail, Jamie Davison, said: “Having known David and Vicky for many years and having admired their dynamic approach and consistent growth, we are delighted to have successfully demonstrated that we are best placed to partner with them as they embark on the next phase of their development.”
