23-583: Borough Market is a wholesale and retail market hall in Southwark , London , England . It is one of the largest and oldest food markets in London, with a market on the site dating back to at least the 12th century. The present buildings were built in the 1850s, and today the market mainly sells speciality foods to the general public. The market itself claims to have existed since 1014 "and probably much earlier" as Snorri Sturluson describes Southwark as
46-607: A "great market town" when describing an incident in Heimskringla dated to 1014. A market that originally adjoined the end of London Bridge was first mentioned in 1276 and was subsequently moved south of St Margaret's church on the High Street. The City of London received a royal charter from Edward VI in 1550 to control all markets in Southwark (see Guildable Manor ), which was confirmed by Charles II in 1671. However,
69-407: A standard rate that cannot be less than 15%. Countries like Hungary , Croatia , Denmark , and Sweden have higher standard VAT rates, while Luxembourg , Malta , Cyprus , Germany , and Romania have lower rates. The alternative to selling wholesale to distributors or retailers is to sell retail either through company-owned stores or online . Advantages include receiving a larger slice of
92-638: Is a charitable trusts in English law administered by a board of volunteer trustees , who have to live in the area. Borough Market and the surrounding streets have been used as a film location for such features as Bridget Jones's Diary (2001), Lock, Stock and Two Smoking Barrels (1998) and Harry Potter and the Prisoner of Azkaban (2004). More recently some scenes in The Imaginarium of Doctor Parnassus (2009) were shot there. As reported by
115-508: Is the act of contracting to purchase real property, and assigning that contract to an investor. Often, in the United States, wholesalers are not required to charge their buyers sales tax , if the buyer has a resale license in the state the wholesaler is located. Out-of-state buyers are not charged sale tax by wholesalers. In China , wholesalers are subject to a Value-Added Tax (VAT) of either 9% or 13% on imported goods, depending on
138-432: Is the sale of goods or merchandise to retailers; to industrial , commercial, institutional or other professional business users; or to other wholesalers ( wholesale businesses ) and related subordinated services. In general, it is the sale of goods in bulk to anyone, either a person or an organization, other than the end consumer of that merchandise. Wholesaling is buying goods in bulk quantity, usually directly from
161-703: The London Evening Standard , the market is available to hire for private events. From 1860, the railway operating companies desired to extend services from London Bridge station into new stations at Cannon Street and Blackfriars in the City and link to the West End at Charing Cross Station . This required a viaduct, but legally, it was impossible by the Borough Market Act 1756 for the trustees to alienate their property. The compromise
184-695: The 19th century, it became one of London's most important food markets due to its strategic position near the riverside wharves of the Pool of London . By the mid 1990s the market had declined and trustees decided to revive it as a retail rather than a wholesale market. In 1998 they invited Henrietta Green to hold a Food Lovers' Fair, which recruited several long-term traders for the market. From 1996 they let unused space to wholesale businesses such as Neal's Yard Dairy , Brindisa and Monmouth Coffee Company . The new tenants were encouraged to open their premises to retail customers. In 2011, seven traders were expelled from
207-807: The Borough Market area have been altered or demolished. The market building on Bedale Street south-side has had its upper floors removed, as has the Wheatsheaf public house on Stoney Street, for the new railway bridge to cross over them. The remaining floors have been re-occupied. The old market glazed roof on Stoney Street has been re-instated and cleaned. A significant loss was the Smirke Terrace, Nos 16–26 Borough High Street, demolished in 2010. 51°30′20″N 00°05′27″W / 51.50556°N 0.09083°W / 51.50556; -0.09083 Wholesale Wholesaling or distributing
230-575: The Borough Market were Vitacress , the Lee Brothers, Manny Sugarman, AW Bourne and Eddy Robbins. JO Sims, the main importer for South African citrus fruit, were also located in the market. Stallholders come to trade at the market from different parts of the UK , and traditional European products are also imported and sold. Amongst the produce on sale are fresh fruit and vegetables, artisanal food , cheese, meat, game, baked bread, and pastry . The market
253-703: The buildings have been made over the years as a result of successive expansions to the nearby railway infrastructure; see "Railway viaducts and the Thameslink Programme" . A refurbishment began in 2001. The work includes the re-erection in 2004 of the South Portico from the Floral Hall, previously at Covent Garden , which was dismantled when the Royal Opera House was reconstructed in the 1990s. The original Convent Garden building
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#1732771846842276-942: The manufacturer or source, at a discounted rate. The retailer then sells the goods to the end consumer at a higher price making a profit. According to the United Nations Statistics Division , wholesale is the resale of new and used goods to retailers, to industrial, commercial, institutional or professional users, or to other wholesalers, or involves acting as an agent or broker in buying merchandise for, or selling merchandise to, such persons or companies. Wholesalers frequently physically assemble, sort, and grade goods in large lots, break-bulk , repack, and redistribute in smaller lots. While wholesalers of most products usually operate from independent premises, wholesale marketing for foodstuffs can take place at specific wholesale markets where all traders are congregated . Traditionally, wholesalers were closer to
299-610: The market caused such traffic congestion that, in 1754, it was abolished by an act of Parliament , the Southwark Market Act 1755 ( 28 Geo. 2 . c. 9). A second act that year, the Southwark Market (No. 2) Act 1755 ( 28 Geo. 2 . c. 23), allowed for the local parishioners to set up another market on a new site, and in 1756, it began again on a 4.5-acre (18,000 m) site in Rochester Yard. During
322-409: The market for trading from their storage units at Maltby Street Market a mile away. In turn the traders criticised poor facilities at the market and a move to selling takeaway food. In the 2017 London Bridge attack , three attackers drove a vehicle over London Bridge and then ran to the area, where they stabbed and killed eight people with knives before they were shot dead by armed police. The market
345-686: The markets they supplied than the source from which they got the products. However, with the advent of the internet and e-procurement there is an increasing number of wholesalers located nearer to the manufacturers in China, Taiwan , and Southeast Asia. The profit margins of wholesalers depend largely on their ability to achieve market competitive transaction costs. In the banking industry "wholesale" usually refers to wholesale banking , providing tailored services to large customers, in contrast with retail banking , providing standardized services to large numbers of smaller customers. In real estate, wholesaling
368-476: The price paid by the consumer; disadvantages include difficulty in reaching consumers. Direct selling is a business model wherein sellers sell the goods directly to the end customer. Vitacress Vitacress Salads Ltd. is an agriculture company headquartered in St Mary Bourne , Andover, Hampshire , England . It is a fully owned subsidiary of Portugal-based company Grupo RAR . The company, which
391-619: The risk and as a way to combat the slowing of the UK Washed & Ready To Eat salad market, Vitacress decided to launch its own brand (from Odemira , Portugal ). In 2007 Vitacress had a turnover of £81m and employed around 1,000 people. On July 1, 2008, Portuguese company RAR Group reportedly bought Vitacress for £52.5 Million. This article about a company of the UK is a stub . You can help Misplaced Pages by expanding it . This food and/or confectionery corporation or company-related article
414-468: The type of product. Additionally, consumption tax is levied on products such as tobacco , alcohol , and luxury goods . These taxes are part of China's broader strategy to promote domestic consumption and regulate imports. On the other hand, Vietnam imposes a standard VAT rate of 10% on most goods and services, with exemptions for certain agricultural products and essential services. In Europe , Value-Added Tax (VAT) rates vary among member states, with
437-412: Was listed and the resited portico was Grade II listed in 2008. Today market stalls mainly sell specialty foods to the general public. However, in the 20th century Borough Market was essentially a wholesale market, selling produce in quantity to greengrocers . It was the main supplier, along with Covent Garden , of fruits and vegetables to retail greengrocers. Amongst the notable businesses trading in
460-527: Was founded in 1951 by Malcolm Isaac. In 1959, the watercress cultivation estate of Eliza James , known as 'the Watercress Queen of Covent Garden', was sold to Vitacress Salads Ltd. In addition to the UK, Vitacress started operations in Portugal and Spain. Vitacress supplied retailers in the UK under their own brand (JSainsbury or Marks & Spencers). In Portugal and Spain, in order to diversify
483-497: Was founded in the 1950s by Malcolm Isaac, is Europe's largest provider of watercress , and also grows and packages washed rocket ( arugula ), spinach , and other baby salad greens. Beyond salad, the company also produces and distributes freshly harvested new potatoes . In addition to the UK, Vitacress has its own farms in Portugal and Spain . Vitacress supplies retailers and foodservice operators in several markets. The company,
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#1732771846842506-497: Was that only a flying leasehold was given to the railway company for the permanent way, but only for as long as a railway operates on it. The market continues to trade underneath the arches of the viaduct. Each time there is a railway expansion requiring widening of the viaduct, the trustees receive a full compensation payment. Most recently, as part of the Thameslink Programme , a large number of listed buildings in
529-525: Was then closed for 11 days following the attack. Borough Market is located on Southwark Street and Borough High Street just south of Southwark Cathedral on the southern end of London Bridge . The retail market operates six days per week; it is closed on Mondays. The present buildings were designed in 1851 by Henry Rose, with additions in the 1860s and an entrance designed in the Art Deco style added on Southwark Street in 1932. Significant changes to
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