Struggling supermarket chain Kwik Save has secured a “substantial investment” that it hopes will reinvigorate the 229-store business.


“We aren’t releasing many details as yet,” a spokesperson for the company told just-food today (2 February), confirming that the unnamed investor will take a majority stake in the company.


The investment, rumoured to be worth around GBP70m (US$137.84m), is scheduled to be complete by 16 February. The company said that as part of the agreement a new CEO and chairman would be appointed.


“The business will now move to implement its strategy to ensure Kwik Save has a successful and secure future,” the company said in a statement emailed to just-food.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now