Parfetts to change name to Go Local Wholesale

From January, Parfetts will rename itself Go Local Wholesale.

The change brings the employee-owned business under the same name as its Go Local symbol estate, which includes Go Local Extra, Go Local, The Local and Shop & Go. The business said the new identity better reflected its growth from a regional cash & carry operator to a national wholesaler and symbol operator.

The move comes as the wholesaler targets £1 billion turnover within two years and sets its sights on expanding its symbol estate from more than 2,000 stores to 3,000 in the same period. It currently operates nine depots, with a further 500 symbol stores in its pipeline.

Parfetts recorded turnover of £807 million in its latest financial year, up 10.6% year-on-year. Following the strong performance, the employee-owned business will share a 10% bonus with all staff.

Joint managing director Guy Swindell said: “We are proud of our Go Local retailers and they are at the heart of everything we do, so it is right that the wholesale business carries the same name and is more closely aligned with the customers we serve.

“We have grown strongly in recent years, but this is just the start. Our ambition to become a £1 billion business will be built on the success of our retailers. We are investing in better value, competitive pricing, availability, delivery, and more in-store support, while listening closely to retailers about what they need from us.

“Go Local Wholesale better reflects who we are today and where we are going. We want to grow nationally, but we will do that by staying close to our customers, strengthening our offer and making it as easy as possible for independent retailers to do business with us.”

The business has stepped up investment to support its national growth plans. Its 113,000 sq ft Southampton depot, the company’s first in southern England, created more than 100 jobs and extended its distribution reach across the South and into London. More than half of orders are now placed online, following a significant expansion of the company’s digital platforms.

The name change also puts greater emphasis on Parfetts’ employee-owned structure. Every employee holds a share in the business, with profits shared with staff through its annual bonus scheme. The company said employee ownership allowed it to reinvest in its people, customers and long-term growth rather than paying dividends to external shareholders.

“Being an employee-owned business is one of the things that makes Go Local Wholesale special,” said Noel Robinson, joint managing director.

“We are proud of our history, but we are no longer family-owned.  We don’t have any shareholders in the stock market who want to take dividends out of the business. We can invest in our colleagues and customers in a way no other wholesaler can do, and this is our gold dust. Our colleagues care greatly about this business, and this is reflected in the phenomenal growth we have delivered.

“We have many exciting projects across new technologies, digital innovations and operational improvements in 2027, and I’m sure this will deliver real value for our customers and colleagues.”