- Coho Collective Kitchens has inked a strategic partnership with Entegra, the largest food group purchasing organization in the world
- The collaboration aims to significantly reduce Coho’s costs by leveraging Entegra’s US$36 billion in purchasing power
- Coho Collective Kitchens is a commercial real estate and food technology company operating fast casual restaurants (Purebread) and shared-kitchen facilities (Coho Commissary)
- Coho Collective stock is up by 15.38 per cent year-over-year, but has lost 31.82 per cent since inception in 2022
Coho Collective Kitchens (TSXV:COHO) has inked a strategic partnership with Entegra, the largest food group purchasing organization in the world.
Entegra, a division of Sodexo Global, boasts more than US$36 billion in annual purchasing power across more than 160,000 client sites in North America.
The collaboration aims to provide “unparalleled support and resources to Coho’s brands,” according to Wednesday’s news release, significantly reducing Coho’s costs through:
- Entegra’s cost-effective purchasing program, which includes a vast network of suppliers, and considerable leverage through buying power to lock in value-accretive prices
- Optimized operational efficiency through a streamlining of Coho’s procurement processes
- Entegra’s sustainable sourcing, combining a focus on cost-effective solutions with the long-term tailwind of environmental stewardship
- Bolstering the intangible value of Coho’s brands through Entegra’s procurement expertise, potentially leading to future revenue generation opportunities
“Our partnership with Entegra, with a spotlight on their group purchasing organization program, is a game-changer for us and our members,” Amrit Maharaj, Coho Collective’s chief operating officer, said in a statement. “We are committed to providing an industry-leading customer experience and state-of-the-art facilities but also cost-effective solutions that enable Coho to reduce expenses, increase profitability and scale faster.”
“We’re proud to count Coho as a client,” added Tim Banick, president of Entegra Canada. “Our relationship is based on shared values and goals. Entegra will be there as a business growth partner, providing the products, pricing and advisory services that Coho needs to excel now and into the future.”
Coho Collective Kitchens is a commercial real estate and food technology company operating fast casual restaurants (Purebread) and shared-kitchen facilities (Coho Commissary). Coho is Canada’s largest shared-kitchen provider and is actively expanding its presence and services.
Coho Collective stock (TSXV:COHO) is unchanged trading at C$0.15 per share as of 10:30 am ET. The stock is up by 15.38 per cent year-over-year, but has lost 31.82 per cent since inception in 2022.
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