Insight Research and NACS, the global association for convenience and fuel retailing, have entered into an equity partnership for the annual Future of Convenience conference (www.futureofconvenience.com).
Under the new agreement, NACS has acquired a majority interest in the event, which will be positioned under the NACS Europe portfolio. Insight Research will retain a substantial minority stake and its managing director, Dan Munford, will remain a long term partner.
NACS has served as a partner for Insight Research’s Future of Convenience conference for the past seven years. The five-day event is considered Europe’s most prestigious convenience-focused event and offers a combination of retail study tours and presentations. Retailers and suppliers from more than 30 countries currently attend the annual conference.
The agreement between NACS and Insight Research will enable the organisations to expand and further develop the Future of Convenience event to deliver enhanced thought leadership, best practices sharing and extensive commercial connections for European convenience retailers and suppliers.
“Over the last decade, the Future of Convenience conference has grown from a one-day UK-centric convenience conference into a five-day international event featuring unrivalled store visit experiences, as well as the industry’s most esteemed and recognized awards programme,” said Munford.
“We have spent many years working with NACS and have the greatest respect for the crucial role they play in the U.S. and global convenience and fuel retailing industries. We share common values and ambition. I couldn’t be more excited about this deal.”
NACS president and CEO, Henry Armour, said: “The new venture represents a tremendous opportunity to enhance NACS’ global offer of knowledge, connections and advocacy to the European convenience and fuel retailing industries with Insight Research.
“We could not have found a more talented and highly respected partner with whom to join forces in this endeavour than Dan Munford and Insight Research. We look forward to developing further programmes and activities for the European convenience retailing market.”