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Costcutter

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Costcutter Supermarkets Group Ltd.
Company typeLimited company
IndustryRetail
Founded1986; 38 years ago (1986)
HeadquartersDunnington, North Yorkshire, England
Number of locations
1,700[1]
Area served
ProductsGrocer's shop, convenience shops
ParentBestway
SubsidiariesKwik Save
Websitewww.costcutter.co.uk
Previous logo used from 1986 to 2016. It is still used in Ireland
Costcutter shop in Deptford, London.

Costcutter Supermarkets Group is a business based in the United Kingdom and Ireland primarily operating as a symbol group supplier to various independently owned convenience shops and off-licences.[2] It has operations in the United Kingdom, the Republic of Ireland and Poland. It encompasses both supermarkets and convenience shops. As of December 2006, Costcutter (Ireland) was owned by James A. Barry and Co.[citation needed]

The group owns the Costcutter, Mace, Supershop, and Simply Fresh brands.

History

Costcutter was founded in 1986, by Colin Graves.[3] As of November 2006, there were some 1,400 shops under the banner.[3] In May 2006, the majority of shops were in the United Kingdom, with 120 shops in the Republic of Ireland and 52 in Poland.[4]

A proposed merger with Nisa-Today's collapsed in November 2006, after concerns about a cartel.[3] which were reported to the Office of Fair Trading by members of Nisa-Today's, who opposed the merger. These claims were eventually proved to be unfounded[citation needed] and no action was taken by the OFT.

Costcutter revived the Kwik Save brand in 2012, from a separate chain which had ceased trading.[5]

In 2018, The Co-Op Group made an offer of £15M in an attempt to take ownership of Costcutter. The bid was rejected, but it was believed that the door was left open for further talks.[6] The Co-op subsequently became the sole supplier to the Costcutter group.[7]

In 2020, Costcutter built 20 pop-up stores in NHS hospitals, designed to help serve doctors and nurses who may have been unable to travel due to the Coronavirus.[8]

In December 2020, Costcutter was acquired by the wholesaler Bestway. The Co-op supply agreement continues.[9]

References

  1. ^ "About Us!". Costcutter. 28 March 2016. Retrieved 28 March 2016.
  2. ^ "What is Costcutter?". Retrieved 17 November 2012.
  3. ^ a b c "Nisa's chairman to step down", Yorkshire Post, 2 November 2006
  4. ^ "Local retailers planning merger", BBC News, 10 May 2006
  5. ^ "Costcutter begins a new era with Kwiksave".
  6. ^ "Co-op rebuffed after £15m takeover raid on struggling Costcutter". Sky News. Retrieved 20 March 2020.
  7. ^ Co-operative https://www.co-operative.coop/media/news-releases/csg
  8. ^ Nazir, Sahar. "Costcutter launches 20 pop-up stores in NHS hospitals - Retail Gazette". Retrieved 7 May 2020.
  9. ^ The Grocer https://www.thegrocer.co.uk/mergers-and-acquisitions/bestway-snaps-up-costcutter-for-undisclosed-fee/651624.article
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