Food Lover's Market

Last updated
Food Lover's Market
Company type Private
Industry Retail
Founded1993;31 years ago (1993) [1]
FounderBrian Coppin
Mike Coppin [2]
Headquarters Brackenfell, Western Cape, South Africa [3]
Number of locations
320 (120 grocery stores and 200 convenience stores) [4]
Area served
Southern Africa
Key people
Brian Coppin (CEO) [2]
Website https://foodloversmarket.co.za
Entrance of a Food Lover's Eatery outlet. Food Lover's Eatery Outlet in Foreshore, Cape Town.jpg
Entrance of a Food Lover's Eatery outlet.
Exterior of the Food Lover's Eatery outlet on Heerengracht Street in Foreshore, Cape Town. Food Lover's Eatery on Heerengracht Street in Cape Town.jpg
Exterior of the Food Lover's Eatery outlet on Heerengracht Street in Foreshore, Cape Town.

Food Lover's Market is a South African supermarket chain that operates franchised grocery stores and convenience stores in Southern Africa. [5] The company is a member of the Franchise Association of South Africa. [1] As of 2022, there are over 300 stores in South Africa, two in Botswana and three in Namibia. [6]

Contents

History

The company was established in 1993 as a single Fruit & Veg City store in Access Park, a factory outlet complex in the Kenilworth suburb of Cape Town. [1] The outlet was converted from an existing business, The Carrot King, into a Fruit & Veg City store. [7]

Food Lover's Market was founded by brothers Brian and Mike Coppin, whose father had been the Director of OK Bazaars, [7] a retail chain that was acquired by the Shoprite Group in 1997. [8] When it opened, the company sourced its products directly from farmers and municipal markets and priced them aggressively in order to grow in the market whilst competing with existing large retail chains. [7]

In 1995, the brothers were approached by someone wanting to operate a store in Port Elizabeth, and the first franchise store opened. Franchises in East London, Durban, Bloemfontein, and Pretoria followed. [7] The company opened its first store in Johannesburg in 1999. [7]

In 2012, Food Lover's Market expanded its offering to include non-food items and announced that it would be converting all Fruit & Veg City outlets to its Food Lover's Market brand. [9] In 2014, the company announced it would begin stocking items in a number of grocery categories from British retailer Waitrose. [9]

In 2015, the firm received an R760 million investment from emerging market investor Actis. [4] The firm's CEO, Brian Coppin, stated that the company was attracted to Actis' history of working with family-owned businesses. [4]

Brands

The company also operates 24-hour convenience stores under the FreshStop brand at over 200 Caltex gas stations across South Africa. [5] It also sells liquor at Market Liquors stores next to select Food Lover's outlets [5] and operates cafeteria-style restaurants at Food Lover's Eatery locations. [10]

Partnerships

Food Lover's Market receives some of its products from South African company Cape Roasters and supplies its stores through FVC International, a South African import and export company. [5]

South African coffee chain Seattle Coffee Company has outlets at Food Lover's Market and FreshStop stores across the country. [11]

Food Lover's Market has a partnership with South African bank ABSA, whereby ABSA customers can earn cash back by using their debit and credit cards at Food Lover's stores. [12]

Related Research Articles

<span class="mw-page-title-main">Convenience store</span> Small store that stocks a range of everyday items

A convenience store, bodega, convenience shop, corner store or corner shop is a small retail store that stocks a range of everyday items such as tea, coffee, groceries, fruits, vegetables, snacks, confectionery, soft drinks, ice creams, tobacco products, lottery tickets, over-the-counter drugs, toiletries, newspapers and magazines.

<span class="mw-page-title-main">Morrisons</span> British supermarket chain

Wm Morrison Supermarkets Limited, trading as Morrisons, is the fifth largest supermarket chain in the United Kingdom. As of 2021, the company had 497 supermarkets across England, Wales and Scotland, and one in Gibraltar. The company is headquartered in Bradford, England.

<span class="mw-page-title-main">Starbucks</span> American multinational coffeehouse chain

Starbucks Corporation is an American multinational chain of coffeehouses and roastery reserves headquartered in Seattle, Washington. It was founded in 1971, and is currently the world's largest coffeehouse chain.

<span class="mw-page-title-main">Waitrose</span> British supermarket chain owned by John Lewis Partnership

Waitrose Limited, trading as Waitrose & Partners, is a brand of British supermarkets, founded in 1904 as Waite, Rose & Taylor, later shortened to Waitrose. It was acquired in 1937 by employee-owned retailer John Lewis Partnership, which still sells groceries under the brand. Its head offices are located in Bracknell, Berkshire.

<span class="mw-page-title-main">Tully's Coffee</span> American specialty coffee brand

Tully's Coffee is an American specialty coffee manufacturing brand owned by Keurig Dr Pepper, which acquired Tully's brand and wholesale business in 2009.

<span class="mw-page-title-main">FamilyMart</span> Japanese convenience store chain

The FamilyMart Company, Ltd. is a Japanese convenience store franchise chain. It is Japan's second largest convenience store chain, behind Seven-Eleven Japan. There are now 24,574 stores worldwide in Japan, Taiwan, China, Philippines, Thailand, Vietnam, Indonesia, and Malaysia. Its headquarters is on the 17th floor of the Sunshine 60 building in Ikebukuro, Toshima, Tokyo. There were some stores in Japan with the name Circle K Sunkus under the operation of FamilyMart.

<span class="mw-page-title-main">Mister Donut</span> Fast food doughnut chain

Mister Donut is an international chain of doughnut stores. It was founded in the United States in 1956 by Harry Winokur. Primary offerings include doughnuts, coffee, muffins and pastries. After being acquired by Allied Domecq in 1990, most of the North American stores became Dunkin' Donuts. Outside of the United States, Mister Donut maintains a presence in Japan, El Salvador, Philippines, Thailand, Indonesia, Taiwan, and Singapore.

<span class="mw-page-title-main">Shoprite (Isle of Man)</span> Former Manx supermarket chain

Shoprite Limited was a community food store chain in the Isle of Man. It was a wholly owned subsidiary of Isle of Man Enterprises plc, until Tesco announced its purchase of the business on 9 October 2023.

SandpiperCI is a retail and food and beverage operator based in the Channel Islands. It mostly operates franchises of British chain stores, such as Marks & Spencer, Iceland, Morrisons, Costa Coffee, Burger King and Matalan, in British Crown Dependencies and Overseas Territories. It also operates own-brand Checkers stores in Jersey and Guernsey and an Apple retailer called iQ.

<span class="mw-page-title-main">Hudsons Coffee</span> Australian coffee retailer chain

Hudsons Coffee is an Australian chain of coffee retailers. As of August 2013, it comprises 67 stores across Australia, as well as one store at Changi Airport in Singapore. It is owned by the Emirates Group which includes Emirates Airline, the Costa Coffee franchise in the UAE, and Left Bank lounge bar and restaurants in Dubai, Abu Dhabi, Oman and Southbank in Melbourne.

<span class="mw-page-title-main">Yogen Früz</span> Canadian chain of frozen yogurt and smoothie stores

Yogen Früz is a Canadian chain of frozen yogurt and smoothie stores that also serves healthy alternative food products. The chain is run through company-owned, franchised, and non-traditional partnerships. The chain operates worldwide and has its global headquarters is in Markham, Ontario in the Greater Toronto Area of Canada.

<span class="mw-page-title-main">McCafé</span>

McCafé is a coffee-house-style food and beverage chain, owned by McDonald's. Conceptualised and launched in Melbourne, Australia in 1993 by McDonald's Licensee Ann Brown, and introduced to the public with help from McDonald's CEO Charlie Bell and then-Chairman and future CEO James Skinner, the chain reflects a consumer trend towards espresso coffees.

Christoffel F. Hendrik Wiese is a South African businessman and billionaire. His source of wealth is consumer retail.

<span class="mw-page-title-main">A Twosome Place</span> South Korean coffeehouse chain

A Twosome Place (Korean: 투썸플레이스), is a coffeehouse chain based in South Korea and was owned by the CJ Foodville of CJ Group until 2020. It is now owned by the US-based The Carlyle Group. As of 2014, the coffee chain had over 500 retail stores in South Korea. The chain expanded its franchise to China in 2011, and has grown to 30 outlets in China as of 2018. On February 1, 2018, A Twosome Place was incorporated into CJ Foodville coffee business.

James Wellwood "Whitey" Basson is a South African businessman and billionaire who was largely responsible for growing a small business called Shoprite from an 8-store chain valued at R1 million into an international retail conglomerate with revenue in 2019 of R150 billion, market capitalisation of R114 billion, more than 2 300 stores and 140 000 employees across 15 African countries. Deloitte's Global Powers of Retailing 2019 ranked The Shoprite Group as the 86th largest retailer in the world.

<span class="mw-page-title-main">Shoprite Holdings Ltd</span> South African supermarket chain

Shoprite Holdings Ltd (Shoprite) is Africa’s largest supermarket retailer, operating 3,543 stores across the continent. The company's headquarters are in Brackenfell in the Western Cape province of South Africa. Shoprite is a public company listed on the Johannesburg Stock Exchange and A2X Markets in South Africa, with secondary listings on both the Namibian and Lusaka stock exchanges. The Shoprite Group employs more than 160,000 people and is the largest public sector employer in South Africa.

<span class="mw-page-title-main">Operations of KFC by country</span> Fast food franchise

KFC is a subsidiary of Yum! Brands, one of the largest restaurant companies in the world! KFC had sales of $23 billion in 2013. KFC is incorporated under Delaware General Corporation Law, and has its headquarters at 1441 Gardiner Lane, Louisville, Kentucky, in a three-story colonial style building known colloquially as the "White House" due to its resemblance to the US president's home. The headquarters contain executive offices and the company's research and development facilities.

References

  1. 1 2 3 "Food Lover`s Market". The Franchise Association of South Africa. Retrieved 2019-05-19.
  2. 1 2 "Food Lover's Market". SA Franchise Brands. Retrieved 2019-05-19.
  3. "Contact". Food Lover's Market. Retrieved 2019-05-19.
  4. 1 2 3 "R760m investment boost for Food Lover's Market". Fin24. 2015-12-05. Retrieved 2019-05-19.
  5. 1 2 3 4 "Out Story". Food Lover's Market. Archived from the original on 2019-03-28. Retrieved 2019-05-19.
  6. "Food Lover's Market: Find a Store Near you!". Food Lover's Market. Retrieved 2022-09-11.
  7. 1 2 3 4 5 Pitman, J (2009-11-10). "Fruit & Veg City: Michael And Brian Coppin". Entrepreneur Magazine. Archived from the original on 2017-11-19. Retrieved 2019-05-19.
  8. "Our Story". The Shoprite Group. Retrieved 2019-05-19.
  9. 1 2 Magwaza, N (2014-02-27). "Fruit & Veg City brings in Waitrose foods". IOL. Retrieved 2019-05-19.
  10. Roxy. "The Newest Food Lover's Eatery in Braamfontein". Food Lover's Market. Archived from the original on 2019-08-12. Retrieved 2019-05-19.
  11. "Who we are". Seattle Coffee Company. Retrieved 2019-05-19.
  12. "Food Lover's Market". ABSA. Retrieved 2019-05-19.