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Type | Limited company |
---|---|
Industry | Retail |
Founded | 1986 |
Headquarters | Dunnington, North Yorkshire, England |
Number of locations | 1,700 [1] |
Area served | |
Products | Grocer's shop, convenience shops |
Parent | Bestway |
Subsidiaries | Kwik Save |
Website | www |
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.
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]
Somerfield was a chain of small to medium-sized supermarkets operating in the United Kingdom. The company also previously owned 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.
A symbol group is a form of franchise of convenience shops, found primarily in the United Kingdom and Ireland. They do not own or operate shops, but act as suppliers to independent shops which then trade under a common banner.
Co-operative Group Limited, trading as Co-op, is a British consumer co-operative with a diverse family of retail businesses including food retail and wholesale; e-pharmacy; insurance services; legal services and funeral care.
Kwik Save is a British convenience store chain that was founded in the United Kingdom. Prior to 2007, it was also a discount supermarket chain that had shops across the United Kingdom. It went into administration in July 2007, but was brought back in April 2012. Its shops were small to medium-sized high street supermarkets, mainly located in areas with below average incomes.
In the Republic of Ireland, the retail sector provides one of the largest sources of employment in the economy, representing over 12% of the workforce. As of 2017, approximately 40,000 wholesale and retail businesses employed almost 280,000 people in Ireland, with the Department of Enterprise, Trade and Employment reporting that 90% of these businesses were Irish-owned.
The Scottish Midland Co-operative Society, is an independent retail consumers' co-operative based in Edinburgh, Scotland.
The United Kingdom is home to a widespread and diverse co-operative movement, with over 7000 registered co-operatives owned by 17 million individual members and which contribute £34bn a year to the British economy. Modern co-operation started with the Rochdale Pioneers' shop in the northern English town of Rochdale in 1844, though the history of co-operation in Britain can be traced back to before 1800. The British co-operative movement is most commonly associated with The Co-operative brand which has been adopted by several large consumers' co-operative societies; however, there are many thousands of registered co-operative businesses operating in the UK. Alongside these consumers' co-operatives, there exist many prominent agricultural co-operatives (621), co-operative housing providers (619), health and social care cooperatives (111), cooperative schools (834), retail co-operatives, co-operatively run community energy projects, football supporters' trusts, credit unions, and worker-owned businesses.
Sir Mohammed Anwar Pervez OBE, HPk is a Pakistani-born British billionaire businessman and former bus conductor and driver. He is the founder and chairman of Bestway Group.
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.
Nisa Retail Limited is a brand and groceries wholesaler operating in the United Kingdom. It is a wholly owned subsidiary of the Co-operative Group Limited. It was formerly a mutual organisation owned by its members and operating "...like a co-operative, using the collective buying power of the large group of members to negotiate deals with suppliers".
Mace is a convenience shop symbol group operating as three separate entities with different ownerships in Great Britain, the Republic of Ireland and Northern Ireland. 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.
Co-op Food is a brand used for the food retail business of The Co-operative Group in the United Kingdom.
Well, formerly known as The Co-operative Pharmacy, is the largest independent pharmacy business and the third largest overall pharmacy chain after Boots UK and Lloyds Pharmacy in the United Kingdom. It is the largest pharmacy chain in Wales.
Bestway Group is a British multinational conglomerate company based in London, United Kingdom.
Zameer Mohammed Choudrey, Baron Choudrey CBE SI Pk is a British billionaire businessman, and the chief executive of Bestway, the UK's eleventh-largest privately owned business, and ninth-largest family-owned business, with a turnover in excess of £3.4 billion and founded by his uncle, Sir Anwar Pervez.
In the United Kingdom, it is common practice for retailers to have their own value brand in an effort to compete on price. These brands have become more popular in the UK with shoppers since the Great Recession caused food prices to rise.
Dairygold Co-Operative Society Limited is an Irish dairy co-operative based in Mitchelstown, County Cork, Ireland. With its catchment area mostly in the Golden Vale, Dairygold processes an annual volume of approximately 1.43 billion liters of grass fed pastureland milk, making it Ireland's second largest dairy co-operative and the island's third largest milk supplier. Formed after the 1989 merger of the Mitchelstown and Ballyclough co-ops, by 2020 it had 7000 shareholder members and reported an operating profit of €26 million from a turnover of €1.02 billion.
Alldays was a chain of convenience stores in the UK, with a high density of stores in the south-east of England and in Scotland during the 1990s.