Costcutter

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Costcutter
Company type Franchising
Industry Retail
Founded1986;39 years ago (1986)
HeadquartersUpper Quartertown, Mallow, County Cork (Irish business)
Dunnington, North Yorkshire, England (UK business)
Number of locations
1,700 [1]
Area served
 United Kingdom
Ireland
Products Grocer's shop, convenience shops
Parent Barry Group (Costcutter Ireland)
Bestway Wholesale (Costcutter UK)
Website www.costcutter.ie
www.costcutter.co.uk

Costcutter is a convenience shop symbol group operating as two separate entities with different ownerships 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.

Contents

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]

United Kingdom

Costcutter shop in Deptford, London Admiral Duncan, New Cross, SE14 (5777151169).jpg
Costcutter shop in Deptford, London

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]

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

  1. ↑ "About Us!". Costcutter.co.uk. 28 March 2016. Retrieved 28 March 2016.
  2. ↑ "What is Costcutter?". Costcutter.com. Retrieved 17 November 2012.
  3. 1 2 "About Costcutter Ireland". Costcutter.ie.
  4. 1 2 3 "Nisa's chairman to step down", Yorkshire Post, 2 November 2006
  5. ↑ "Local retailers planning merger", BBC News, 10 May 2006
  6. ↑ "Nisa-Costcutter deal collapses". Talkingretail.com. 23 October 2006.
  7. ↑ "Costcutter begins a new era with Kwiksave". Thegrocer.co.uk.
  8. ↑ "Co-op rebuffed after £15m takeover raid on struggling Costcutter". Sky News. Retrieved 20 March 2020.
  9. ↑ "Co-op and Costcutter Supermarkets Group announce wholesale agreement". Co-operative.coop. Retrieved 12 April 2024.
  10. ↑ Nazir, Sahar (7 April 2020). "Costcutter launches 20 pop-up stores in NHS hospitals". Retailgazette.co.uk. Retrieved 7 May 2020.
  11. ↑ "Bestway snaps up Costcutter for undisclosed fee". The Grocer. Retrieved 6 March 2024.

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