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Costcutter
Franchise of convenience shops From Wikipedia, the free encyclopedia
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Costcutter is a name used by two convenience shop symbol groups in the United Kingdom and the Republic of Ireland.[2][3] It previously had stores in Poland. The shops are independently owned and join the groups, paying a fee for marketing and branding support and purchasing their stock from the brand owners.
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By 2006, there were some 1,400 shops under the Costcutter brand,[4] with the majority of shops being in the United Kingdom, and 120 shops in Ireland and 52 in Poland.[5]
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United Kingdom
Costcutter was founded in 1986, by Colin Graves.[4]
A proposed merger with Nisa-Today's collapsed in November 2006, after concerns about a cartel.[4] which were reported to the Office of Fair Trading by members of Nisa-Today's, who opposed the merger.[6]
Costcutter revived the Kwik Save brand in 2012, from a separate chain which had ceased trading.[7]
In 2018, The Co-op Group made an offer of £15 million in an attempt to take ownership of Costcutter. The bid was rejected, but it was believed the Costcutter was open to further talks.[8] The Co-op subsequently became the sole supplier to the Costcutter group.[9]
In 2020, during the Covid-19 pandemic, Costcutter built 20 pop-up shops in NHS hospitals.[10]
In December 2020, Costcutter's UK business was acquired by Bestway Wholesale. The Co-op supply agreement will continue until 2026.[11]
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Republic of Ireland
In 2000, the brand entered the Irish market as a separate business under the ownership of Barry Group.[3]
In 2024, Costcutter Ireland ditched its previous logo with a new one, still different from the one in the UK in being all red rather than green and red.
References
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External links
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