Company type | Franchising |
---|---|
Industry | Retail |
Founded | 1986 |
Headquarters |
|
Number of locations | 1,700 [1] |
Area served | |
Products | Grocer's shop, convenience shops |
Parent | Barry Group (Costcutter Ireland) Bestway Wholesale (Costcutter UK) |
Subsidiaries |
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Website |
Costcutter is a chain of convenience shops, supermarkets and off-licences that operates in Ireland, Great Britain and Poland. The chain operates primarily as a symbol group and is owned by Barry Group in the Republic of Ireland and by Bestway Wholesale in the United Kingdom. [2] [3]
In the UK, the group owns the Costcutter, Kwik Save, Supershop, and Simply Fresh brands.
Costcutter was founded in 1986, by Colin Graves. [4]
In 2000, the brand entered the Irish market as a separate business under the ownership of Barry Group.
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]
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 the wholesaler Bestway. The Co-op supply agreement continues. [11] Its Irish business remains in 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.
Somerfield was a chain of small to medium-sized supermarkets operating in the United Kingdom. The business started life in the 19th century as grocers J. H. Mills, and after a series of buyouts and mergers, the company became known as Gateway. A major rebranding to the created Somerfield brand started in 1990, and in 1998 the company purchased the Kwik Save chain of discount food stores. The company was taken over by the Co-operative Group on 2 March 2009 in a £1.57 billion deal, creating the UK's fifth-largest food retailer. The Somerfield name was replaced by the Co-operative brand in a rolling programme of store conversions ending in summer 2011.
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The Penrith Co-operative Society Limited, known locally as Penrith Co-op, was a small regional consumer co-operative in the United Kingdom. The society was formed in 1890 and at the time of its merger with Scotmid it operated one department store with supermarket attached and eight small supermarkets or convenience stores in Cumbria and County Durham.
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Co-op is a UK supermarket chain and the brand used for the food retail business of The Co-operative Group, one of the world’s largest consumer co-operatives. As the UK’s fifth largest food retailer, Co-op operates nearly 2,400 food stores. It also supplies products to over 6,000 other stores, including those run by independent co-operative societies, through its wholesale business, Nisa Retail Limited.
Gala is a convenience shop chain in Ireland. Established in 1998, as of 2021 Gala had approximately 250 shops nationwide, all under franchise. The symbol group is supplied by a number of independent wholesalers which were formerly part of the National Wholesale group. In 2008, the brand recognised its tenth year in business. Gary Desmond is the chief executive officer.
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