BWG is involved in the wholesale distribution of food and grocery goods to its affiliated stores and to stores operated by independent retailers. It also owns and licenses a range of retail grocery store brands through franchise agreements.

Following its acquisition of 4 Aces Wholesale Limited in 2018, BWG is a shareholder of Gala Retail Services Limited (GRSL), which owns and licenses the Gala and YourStop retail grocery store brands.

Perry’s Cash and Carry is involved in the wholesale distribution of food and grocery goods to the retail sector, including supermarkets, convenience stores and forecourts, and the foodservice and hospitality sector, including hotels, restaurants, bars and off licences. It is also a shareholder of GRSL and of Stonehouse Market Limited (Stonehouse), a wholesaler-owned marketing and buying group.

The proposed acquisition was notified to the CCPC on 31 July 2025 and BWG proposed remedies early in the review process.

To address any potential concerns that may arise from the merger, BWG proposed a number of binding commitments to the CCPC, including that BWG would divest fully Perry’s Cash and Carry’s shareholding in each of GRSL and Stonehouse.

Perry’s Cash and Carry’s ongoing business dealings with GRSL’s branded retail grocery stores would also be subject to information sharing firewall protections that were put in place as a result of the CCPC’s approval of BWG’s acquisition of 4 Aces Wholesale in 2018.

These commitments will prevent the sharing of competitively sensitive information between BWG and either Stonehouse or GRSL.  

The CCPC has taken the commitments into account in its determination, and the commitments form part of the basis of the CCPC’s determination to clear the proposed acquisition and so are legally binding on BWG.

The CCPC will publish the full decision on its website within 60 working days of the date of the determination following the redaction of confidential information.