FoodCo

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FoodCo Nigeria Limited
IndustryRetail
Founded1982
HeadquartersIbadan, Lagos, Nigeria
ProductsBakery, grocery, produce, bulk foods, snacks, health and beauty products, general merchandise
Services
WebsiteOnline Shop Corporate Site

FoodCo Nigeria Limited is a diversified consumer goods company with interests in retail, Quick Service Restaurants (QSR), manufacturing and entertainment. Established in 1982, it is a wholly-owned Nigerian business.[1]  FoodCo operates the largest supermarket chain brand in southwest Nigeria, outside Lagos, with 13 stores spread across the region. [2]

In 2020, FoodCo launched Nigeria’s first true online supermarket. It also launched FoodCo Quick Shops, a chain of neighbourhood convenience shops offering basic groceries and household items. [3]

Most FoodCo outlets are co-located, combining supermarkets, restaurants, bakery and entertainment centres.[4]


History

FoodCo originally started as a fresh fruit and vegetable store in 1981 but expanded into a supermarket a year later.[5] The first FoodCo Supermarket was opened in Bodija, Ibadan. Subsequently, the business grew to include quick-service restaurants, manufacturing and entertainment [6]


FoodCo Supermarkets

FoodCo Supermarkets is the biggest supermarket chain in southwest Nigeria, outside Lagos. It is also the oldest among the top 10 supermarket chains in Nigeria [7]

FoodCo Supermarkets operate an online service that offers a full stock range similar to the physical stores. The supermarkets are complemented by a home delivery service launched in 2020. [8]


FoodCo Restaurants

FoodCo is one of the pioneers of Quick Service Restaurants (QSR) in Nigeria. It started as a popular hangout where people could get pastries such as doughnuts, meat pies and chicken pies in the 80s and 90s in Ibadan. Over the years, the business evolved into quick-service restaurants. [9]

Currently, FoodCo restaurants are a key feature of the brand’s outlets.

[10]

FoodCo Entertainment Centre

FoodCo Entertainment Centre offers gaming, indoor and recreational sports facilities. In 2019, the Entertainment Centre hosted the inaugural FoodCo Football Videogame Championship with over 240 contestants participating in the competition. [11]


FoodCo Fellowship Programme

FoodCo Fellowship Program (FFP) is a specialized capacity-building program aimed at building the next generation of business leaders to drive growth in the Nigerian consumer retail sector. The programme offers a 2-year immersive training in business management and leadership to MBA and post-graduate students looking to pursue a career in retail. [12]


Awards

Retailer of the year, 2020 Marketing Edge Brands and Advertising Excellence Awards[13]

Retail Company of the Year, 2020 BusinessDay Nigerian Business Leaders Awards[14]

Multigenerational Company of the Year, 2019 BusinessDay Nigerian Business Leadership Awards (Excellence in Enterprise).[15]

Best Bread in Africa, 2019 African Brand Congress.[16]


References[]

  1. ^ "FoodCo wins company of the year award". The Guardian. 13 August 2019. Retrieved 7 September 2021.
  2. ^ "FoodCo Rewards Customers with Festival of Savings Promo". This Day. July 14, 2021. Retrieved 7 September 2021.
  3. ^ Obi, Daniel (August 25, 2020). "Consumer goods retailer, FoodCo unveils Quick Shop convenience stores". Business Day. Retrieved 7 September 2021.
  4. ^ "FoodCo emerges retailer of the Year". Vanguard News. 2020-11-17. Retrieved 2021-09-07.
  5. ^ Kemmy, Funmy. "MEET THE CEO, FOODCO PLC, MRS SOLA-SUN BASHORUN". Retrieved 2021-09-07.
  6. ^ "After ruling Ibadan for 3 decades, FoodCo opens first Lagos branch in Lekki". Newspeakonline. 2019-10-12. Retrieved 2021-09-07.
  7. ^ "How FoodCo is adapting to Nigeria's evolving retail sector". How we made it in Africa. 2020-09-24. Retrieved 2021-09-07.
  8. ^ "How FoodCo is adapting to Nigeria's evolving retail sector". How we made it in Africa. 2020-09-24. Retrieved 2021-09-07.
  9. ^ "Why it took us 37 years to come to Lagos —CEO, FoodCo, Sun-Basorun". Tribune Online. 2019-10-14. Retrieved 2021-09-07.
  10. ^ "Why it took us 37 years to come to Lagos —CEO, FoodCo, Sun-Basorun". Tribune Online. 2019-10-14. Retrieved 2021-09-07.
  11. ^ "Over 240 participants battle for FoodCo Football Video Game Championship". Pulse Nigeria. 2019-07-19. Retrieved 2021-09-07.
  12. ^ "FoodCo graduates first batch of fellows". Tribune Online. 2021-08-30. Retrieved 2021-09-07.
  13. ^ "FoodCo emerges retailer of the Year". Vanguard News. 2020-11-17. Retrieved 2021-09-07.
  14. ^ "Foodco emerges Retail Company of the Year in Nigeria Business Leadership awards". Businessday NG. 2021-01-05. Retrieved 2021-09-07.
  15. ^ "Firm bags multi-generational company award". Punch Newspapers. 2019-08-14. Retrieved 2021-09-07.
  16. ^ "Foodco Sunfresh Bread bags continental recognition". Businessday NG. 2019-09-03. Retrieved 2021-09-07.

External links[]

Official website

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