Blog: Dean BestKwik Save problems mounting

Dean Best | 30 May 2007

Kwik Save looks to be sinking deeper into the mire.

The UK convenience retailer is set to close 79 stores as speculation swirls that the company needs more funds to prop up the business.

Kwik Save got a cash injection of some GBP50m (US$98.8m) in February but is understood to need a fresh rescue package worth a further GBP20m.

Publicly, Kwik Save hopes the cuts will revive the business. In truth, the company’s future looks bleak. Industry watchers have blamed Kwik Save’s demise on moves by larger rivals into the convenience channel and competition from low-cost groups like Aldi.


BLOG

US food agency hints at direction of travel with "policy roadmap"

It's light on specific details but a new "strategic policy roadmap" for 2018 from the US Food and Drug Administration should give manufacturers a sense of where the agency could be looking to act this...

BLOG

Vegan tourist tales

I sampled some of the products launched in the UK in the New Year, aimed at those seeking to eat more healthily or cut down on their meat consumption....

BLOG

"We're evolving" - flagship US lobby group insists change coming as more members quit

Hershey and Cargill are the latest US-based food majors to have decided to leave The Grocery Manufacturers Association - and the lobby group says it is looking to change to meet the "disruption" in th...



Forgot your password?