A convenience store in Earl’s Court, west London, may seem an unlikely launchpad for a multinational conglomerate, but that is where the Bestway Group began.
The company – which is now one of the UK’s largest grocery wholesalers and also the owner of Well Pharmacy stores and the Costcutter and Best-one convenience chains, has paid roughly £200m for a 3.45% stake in Sainsbury’s, making it the sixth largest investor in Britain’s second largest grocer.
