UK retailer Kwik Save did not confirm whether the discount chain is currently negotiating another cash injection when contacted today (4 December).
According to a report in The Sunday Times yesterday (4 December), the discount chain is currently negotiating a new cash injection as sales continue to decline.
“We have no further comment to add at the moment,” a company spokesperson told just-food.
The discount chain secured new financial backing of around GBP30m (US$56m) in October, when it also acquired another 45 stores from previous owners Somerfield.
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