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

General Mills trials new way of buying Haagen-Dazs

On Friday (7 September), ice-cream lovers in part of central London were able to order Häagen-Dazs on their phones - and have it delivered directly to them, wherever they were....

BLOG

just-food closed on Monday 27 August

As I type, grey skies cover south-east London, with drizzle hitting the windows - but the forecast is set fairer for tomorrow when the country has its final public holiday before Christmas Day....



Forgot your password?