Somerfield and Kwik Save merger creates 200 spare stores
More than 200 stores will be surplus to requirements if a mergerbetween Somerfield and Kwik Save goes ahead. The two supermarket chainsare in talks about a possible deal.
Kwik Save’s head office in Prestatyn, North Wales, would be the firstcasualty of a combined operation. The merger would eliminate the KwikSave name from most high streets, leaving 1,500 Somerfield stores beforeany future rationalisation.
Somerfield has almost 600 stores, while Kwik Save has about 900.
- The Times 17/02/98 page 27, page 31 (Commentary)
- The Independent 17/02/98 page 19, page 21 (Outlook), page 22(Shares)
- Financial Times 17/02/98 page 20 (Lex), page 21, page 19 (Observer),page 23, page 46 (Market Report)
- The Guardian 17/02/98 page 19, page 19 (Notebook), page 21 (MarketReport)
- The Daily Telegraph 176/02/98 page 25, page 27 (City Comment)
More than 200 stores will be surplus to requirements if a mergerbetween Somerfield and Kwik Save goes ahead. The two supermarket chainsare in talks about a possible deal.
Kwik Save’s head office in Prestatyn, North Wales, would be the firstcasualty of a combined operation. The merger would eliminate the KwikSave name from most high streets, leaving 1,500 Somerfield stores beforeany future rationalisation.
Somerfield has almost 600 stores, while Kwik Save has about 900.
The Times 17/02/98 page 27, page 31 (Commentary)
The Independent 17/02/98 page 19, page 21 (Outlook), page 22(Shares)
Financial Times 17/02/98 page 20 (Lex), page 21, page 19 (Observer),page 23, page 46 (Market Report)
The Guardian 17/02/98 page 19, page 19 (Notebook), page 21 (MarketReport)
The Daily Telegraph 176/02/98 page 25, page 27 (City Comment)
