'London's best-kept secret': UK's largest wholesale market turns 50
Young women publicising Barney Springer Ltd produce at the New Covent Garden Market on the day of its official opening in Nine Elms, London, UK, 11th November 1974
Photo by Reg Lancaster/Express/Hulton Archive/Getty Images
By the time most Londoners had rolled out of bed on Monday morning, Gary Marshall was already winding down for the day at New Covent Garden Market.
Located on the south bank of the River Thames, surrounded by high-rise buildings glinting in the dawn of early winter, the wholesale market is the UK's largest for fruit, vegetables and flowers.
"It's London's best kept secret," Jo Breare, the market's general manager, told AFP on its 50th anniversary.
London's historic fruit and vegetable market in Covent Garden, moved from central London to the southwestern suburb of Battersea on November 11, 1974, in a bid to expand and modernise.
Marshall has been working at the market for over 45 of those years, alongside nearly 200 businesses supplying London's local grocers, restaurants, hotels and offices.
He is the third generation in his family associated with the market, and his son, George, will take over his business, Bevington Salads, after him.
"New Covent Garden is part of us. It will be part of my son's life, maybe part of my grandson's life," he said.
"Once you're in it, honestly, you're in it for life," said Marshall, who is also chairman of the New Covent Garden Tenants Association.
'Like magic'
The working "day" begins at around 10:00 pm in the evening (2200 GMT) for some 2,000 people who work at New Covent Garden, with produce arriving from all over Europe and the world.
"Once you get here at 10 o'clock, you have a cup of tea, you have a look at your produce arriving.
"And then it happens. Then the buzz is on. The market's alive," described Marshall, his eyes lit up with pride.
Traders sell their produce in "old school" fashion - face to face - through the early hours, then, as the sun rises, it is shipped out across the capital and southeast England.
"So, by the time people are getting out of bed and walking into their hotel or into their office or a school or a government building, it's there... It's like magic," said Marshall.
"If you're here at one, two or three in the morning, it's like a little city with hundreds and hundreds of people," said Wanda Goldwag, chair of the Covent Garden Market Authority, which manages New Covent Garden Market.
The New Covent Garden Flower Market in Nine Elms opened it's doors on April 3, 2017 after moving from it's previous site, also in Nine Elms where it had been since 1974Photo by Dan Kitwood/Getty Images
The sprawling complex even has its own cafes and a post office that runs from 3:00 am to 1:00 pm.
Overnight work hours, in place since a decade to remove daytime commercial traffic in the congested British capital, have made attracting younger generations tricky, according to Marshall.
But the market and its vendors have weathered many storms in the last half a century.
When demand slumped at the end of the 20th century as supermarkets grew, New Covent Garden turned its attention to the hospitality industry instead.
Relevance
The market still supplies Michelin star restaurants, celebrity chefs and upscale London landmarks such as retailer Harrods and the Claridge's hotel.
One loyal customer is French chef Pierre Koffmann, who used to frequent the market when he ran La Tante Claire, his three-Michelin star London restaurant.
"It was a pleasure to come here, to meet people who were different and talk about vegetables," Koffmann told AFP.
Now, he mainly comes down to buy flowers, from the bundles of pink-purple hydrangeas to crates of roses and tulips that the CGMA says supply 75 per cent of London's florists.
For Goldwag, remaining relevant is one of the main challenges.
"So, so many of us buy our food from supermarkets now. And of course, in tough economic times, everyone is very money conscious," she said.
"Wholesale markets have to make sure they stay relevant and sustainable."
London's other main wholesale markets, Smithfield meat market and Billingsgate fish market, face uncertain futures after plans to relocate them were put on hold.
"They could very soon be out of anywhere to work from," rued Marshall, adding that New Covent Garden would "support" the other markets.
At New Covent Garden, however, business is booming, with a turnover of £880 million last year, regeneration plans set to be completed before the end of the decade and a guaranteed lease for at least the next 25 years.
"I don't know if I'll still be here in 25 years," said Marshall. "But my son certainly will be."
Independent retailers have condemned Reach for using the festive period to try to sneak through cover price rises on its national, daily and weekly newspapers accompanied by a widespread cut in terms.
“Such penny pinching at a time that is usually associated with giving is despicable. Where is the Christmas and New Year cheer?" asked Mo Razzaq, the National President of the Federation of Independent Retailers (the Fed).
“Instead, Reach has decided to play Scrooge by taking money from the Tiny Tims of the industry who need pro rata terms to stand still.”
Mr Razzaq said: “Such actions are bang out of order. Reach and its shareholders need to understand that with their declining sales, their titles are no longer the cash cows they used to be. What’s more, news retailers are struggling. Many will be unable to survive in business, if publishers like Reach continue to accompany cover price rises with cuts to our terms.
“This must stop. Such actions are destroying the news industry.”
He added that the Fed would be seeking a meeting with Reach CEO Jim Mullen and would be writing to shareholders to express members’ fury.
Mr Razzaq said: “We need urgent talks because those at the top at Reach have to be aware that some members will be re-merchandising their shelves to put its titles at the bottom while others have already told me they will delist them completely.”
From January 4, cover prices will rise on all of Reach’s national titles – the Mirror, the Express, the Star, the Daily Record and Sunday World.
There will also be price rises for its stable of daily titles which include the Manchester Evening News, Hull Daily Mail, Newcastle Chronicle, South Wales Echo and the Birmingham Mail – as well as for its weekly titles.
Hershey's main controlling owner has rejected Mondelez International's preliminary takeover offer, terming it as too low, reports stated on Wednesday (11), citing people familiar with the matter.
The deal, which could’ve created one of the world’s largest confectioners, wasn’t realistic for the Hershey Company as they declared it was “too low to entertain.”
Bloomberg reported earlier this week that Mondelez was exploring the acquisition of chocolate maker Hershey, in what could have created one of the world's largest confectioners. The Hershey Trust Company's approval is key in any takeover deal, given its voting control of the chocolate maker.
It is not the first that Mondelez has sought to acquire Hershey, with the brand rejecting a £18bn takeover bid in 2016, labelling the offer as too low. Hershey and Mondelez did not immediately respond to Reuters' requests for comment.
Any deal would need the approval of the Hershey Trust Company, a charitable trust, that maintains voting control over the business.
Buzz is that the trust may be open to other offers even as the Mondelez deal loses steam, with PepsiCo and Nestle touted as possible suitors.
The surging cost of cocoa has hurt Hershey and forced it to raise prices, turning off some inflation-pinched shoppers. At the same time, consumers are moving toward healthier foods, a trend that is accelerating with the popularity of weight-loss shots.
Last month, Hershey trimmed its annual revenue and profit forecasts after its quarterly revenue dipped due to weak demand. In contrast, Mondelez reported a near 2 per cent rise in sales in the latest quarter.
Earlier in the day, the Chicago company said that given current market conditions, stock buybacks remain a key priority, and that it is committed to an acquisition strategy focused on "bolt-on deals" similar to its recent acquisitions of Chipita, Clif and Ricolino.
Retailers can capitalise on the rising demand for premium pet food by offering innovative, high-quality products like nutrient-rich supplements and superfood treats amid the evolving bond between pets and their owners, states a recent survey report's findings.
The UK has the largest dog population (13.02m) and one of the largest cat populations (11.71m) in Europe, with one in three UK households owning a dog, and one in four owning a cat.
According to Mars Petcare's research based on insights from over 20,000 pet parents in 20 countries, the bond between owners and pets driving trends in premium nutrition, personalised care, and sustainability - all of which are shaping the future of petcare.
An impressive 37 per cent of pet parents consider their pets the most important part of their lives — a sentiment even stronger among younger generations, with 45 per cent of Gen Z and 40 per cent of Millennials expressing this bond.
Globally, the number of pet parents is rising, with a large portion of first-time owners. Out of the 56 per cent of pet parents surveyed who own a dog or cat, nearly half (47 per cent) are first-time owners, reflecting a new generation of pet parents keen to embrace tailored and innovative solutions for their pets' needs.
The report also shows that sustainability is a key consideration for pet parents, with 45 per cent believing it is very important when purchasing pet food. This sentiment is particularly strong amongst the younger generations, indicating a shift towards a demand for more sustainable and ethically produced products.
In the UK, one in three owners don’t change the food they originally feed their pet throughout their lifetime. This demonstrates the importance for retailers and brands alike to target the growing number of first-time pet owners, many of whom prioritise sustainable products.
Brands like Sheba Kitten for example, are continuing to build lifelong value by targeting first-time pet parents early in their journey. With kittens comprising 14 per cent of the UK cat population, this premium, grain-free range of wet food made of natural ingredients, vitamins and minerals, is designed to secure long-term brand loyalty while meeting nutritional needs.
Adelina Bizoi, Category & Market Activation Director at Mars Petcare, comments: “The evolving bond between pets and their owners signifies a shift in behaviour that the industry must react to.
"We know the strong relationship between owners and their furry friends means that petcare continues to be one of the last categories that pet parents will look to decrease spending on, making sure they provide offerings that are beneficial to their pets’ health even during tough time economically.
“Retailers have a significant opportunity to tap into the growing demand for premium petcare by offering a diverse range of innovative products. High-quality, nutrient-rich options such as supplements and superfood treats appeal to wellness-focused owners prioritising their pets' digestion, immunity, and joint health.
“Retailers can also tap into the rise of first-time pet parents and demand for sustainable products by offering starter kits and sustainability-driven initiatives. Starter kits, especially those tailored for first-time pet parents, can simplify pet ownership and create loyalty from the outset.”
The findings from Mars Global Pet Parent Study highlights the substantial opportunity for retailers to diversify their product offerings and build stronger, more meaningful connections between pets and their owners in an increasingly competitive market.
Coca-Cola Europacific Partners (CCEP) has launched a new initiative in partnership with wholesalers to donate the equivalent of up to 300,000 meals to FareShare, the UK’s leading food redistribution charity.
Running until 6 January 2025, CCEP will donate the equivalent of five meals to FareShare for every Coca-Cola Zero Sugar 6 x 2L pack purchased during the promotion across 108 Booker participating wholesale depots, up to a maximum donation of 100,000 meals.
In addition, throughout December CCEP will donate the equivalent of five meals to FareShare for every Coca-Cola Zero Sugar 12 x 500ml pack purchased during the promotion across 100 Unitas and Bestway participating wholesale depots, up to a maximum donation of 200,000 meals.
The promotion will be supported by depot standees, pallet shrouds and digital screens, alongside digital assets that wholesalers can share through their own communication channels.
This activity coincides with CCEP’s recent milestone of providing 7 million surplus soft drinks to FareShare since 2017.
The promotion also runs alongside Coca-Cola’s commitment to donate the equivalent of one meal per person that attends the Coca-Cola Christmas Truck tour. Coca-Cola aims to donate the equivalent of up to a total of 1 million meals via FareShare this festive season.
“We are so grateful to Coca-Cola Europacific Partners for their continued support for FareShare. The donations made to FareShare from this initiative will help us get good-to-eat food, which might otherwise go to waste, to people who need it,” Kirsty Ford, head of fundraising at FareShare, said.
“Every day, the food we redistribute to a network of over 8,000 charities in every region helps to strengthen communities. From homelessness shelters and afterschool clubs to refuges and older people’s lunch clubs, these groups are all working harder than ever to provide people with essential support services.
“By purchasing Coca-Cola Zero Sugar products this winter, wholesalers can help people affected by the cost-of-living crisis come together through food and access vital services. Coca-Cola’s generous support for FareShare makes a huge difference in helping us make the food go further.”
Ruth Fawcett, associate director for wholesale & convenience at CCEP, said: “We’re incredibly proud to be partnering with our wholesale customers to support FareShare in their mission to fight food insecurity and reduce food waste, especially during the festive season when no one should go without a meal.
“Through this promotion, we hope to make a meaningful difference to communities, and it’s fantastic to see so many of our wholesale customers already getting behind the initiative. Their support will have a real impact in tackling hunger across the UK this Christmas.”
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(Photo by Stefan Rousseau - WPA Pool/Getty Images)
Acknowledging the devastating impact of rising retail crime, Prime minister Keir Starmer on Wednesday (11) reiterated the action his government is taking to tackle the problem.
Responding to a question from Labour politician Kirith Entwistle in the House of Commons, Starmer said. "I have spoken to many who work in our shops who are very concerned about shoplifting. It went out of control because of the approach taken by the previous Government.
"We are bringing it under control. It is not low level; it has a huge impact on other customers and a particular impact on staff working in supermarkets.
"That is why we are dedicating funding to train police and retailers and to support specialist analyst teams to crack down on the gangs that are targeting retailers."
Welcoming the Starmer's show of empathy towards retailers, retail trade union Usdaw General secretary Paddy Lillis said, “Keir Starmer’s response shows that we have seen a complete change in the government response, under Labour, to a significant increase in theft from shops, which has doubled since the pandemic and risen by 29 per cent in the last twelve months.
"This contrasts with 14 years of the Conservatives refusing to support the calls from Usdaw and many major retailers for significant action.
“We are pleased that the new Labour Government announced a Crime and Policing Bill in the King’s Speech. This new legislation will deliver a much-needed protection of retail workers’ law; end the indefensible £200 threshold for prosecuting shoplifters, which has effectively become an open invitation to retail criminals; along with introducing Respect Orders for repeat offenders.
"The Chancellor announced in the Budget funding to tackle the organised criminals responsible for the increase in shoplifting, as Keir Starmer highlighted.
"Last week, the Prime Minister announced funding for 13,000 more uniformed police officers, patrolling our communities and high street. It is our hope that these new measures will help give shop workers the respect they deserve.”