Nick Shanagher has moved on from RN’s publisher, Newtrade, a specialist in providing business advice and industry news to independent retailers, wholesalers and big brands across the convenience sector, after a quarter of a century leading the company.
Joining the company in 1993 as editor of RN, Mr Shanagher moved to publisher and managing director roles and has overseen the growth of the company from a single title focused on newstrade sales to an events, digital and print media business covering the whole convenience channel today.
“I am proud of the difference that Newtrade has made by focusing on championing small local businesses and helping independent shopkeepers to better serve local people. For every pound spent at a local shop, 48p stays local. For chains it is just 14p,” said Mr Shanagher.
“I have been fortunate to have worked with and supported some brilliant people who have produced great journalism, great events and great ideas that have helped big customers like Lucozade, Mondelez and Booker achieve success in the convenience channel.
“Just last week, one retailer told our team that using our IAA benchmarking tool had increased his sales by 15%. I leave behind me a great team who will continue to deliver great results.”
Mr Shanagher left the business on 31 August. Mike Mitchelson, president of the NFRN, which owns Newtrade, said: “We have to thank Nick for his long-term contribution.
“The company has campaigned consistently for a better deal for independent retailers.
“Newtrade has promoted best practice and new ideas. And it has delivered substantial dividends to the shareholders.”
From 3 September, Chris Collins took over as interim managing director. A former director at The Economist, Mr Collins has been on the Newtrade board since 2009 and is the current chairman.