Struggling UK retailer Kwik Save has said that its future is now secure. The group today (12 March) concluded its re-financing deal with a consortium of private investors led by Paul Niklas.

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Niklas, chairman and CEO of Kwik Save, commented: “There has been much speculation in the media, and I am delighted to confirm today that this deal has been concluded. My priority is now to ensure that stores are stocked to an acceptable level at the earliest opportunity and therefore my priority will be building new relationships with suppliers.”


The company told just-food that it will not release any financial details concerning the rescue package.

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