| FoodCo Nigeria Limited | |
| Products: | Bakery, grocery, produce, bulk foods, snacks, health and beauty products, general merchandise |
| Industry: | Retail |
| Location: | Ibadan |
| Area Served: | Nigeria |
FoodCo Nigeria is a Nigeria-based retailer. The company owns the largest supermarket chain brand in southwest Nigeria, outside Lagos, with 18 stores spread across the region.[1] [2]
It also launched FoodCo Quick Shops, a chain of convenience shops offering basic groceries and household items in 2020.[3]
In 2022, FoodCo was listed in the inaugural Financial Times Annual Africa Fastest Growing Companies' ranking, becoming the only company operating within Nigeria's organized retail sector to make the list.[4]
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.[6] Subsequently, the business grew to include quick-service restaurants, manufacturing and entertainment. The business has now grown from that single branch to several branches with over 700 staff. The first Lagos outlet was opened in 2019. Just in 2020, her son Ade Sun-Basorun stepped in as chief executive officer of FoodCo Nigeria Limited, while she assumed the position of chairman.[7]
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.[8]
FoodCo Supermarkets operates an online service that offer a stock range similar to the physical stores. The supermarkets are complemented by a home delivery service launched in 2020.[8]
FoodCo is a Quick Service Restaurant (QSR) in Nigeria.[9] 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.[10]
Currently, FoodCo restaurants are a feature of the brand's outlets.[10]
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's manufacturing department produces a range of products under the SunFresh brand. In 2019, the company introduced its Sunfresh range of ice creams into the market.[12]
In 2021, it expanded its product portfolio with the launch of SunFresh table water.[13] In 2022, FoodCo's SunFresh Bread was recognized as Africa's Most Outstanding Quality Bread Brand by the African Quality Congress.
Africa's Second Fastest Growing Retail Company, 2022 FT Annual Africa Fastest Growing Companies.[4]
Retailer of the year, 2020 Marketing Edge Brands and Advertising Excellence Awards.[14]
Retail Company of the Year, 2020 BusinessDay Nigerian Business Leaders Awards.[15]
Multigenerational Company of the Year, 2019 BusinessDay Nigerian Business Leadership Awards (Excellence in Enterprise).[16]
Best Bread in Africa, 2019 African Brand Congress.[17]