UK convenience store group Costcutter this weekend upped the stakes in its bid to buy its counterpart Londis.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Costcutter offered Londis franchise holders an incentive worth £30,000 (US$56,500) if they trade with Costcutter. The company is reported by Dow Jones to have made this offer in a letter to about the half of Londis’ 2000 franchise holders.
They have been offered £10,000 after four weeks of trading with Costcutter, followed by two more payments of the same value if they sign a four-year contract.
