Bestway snaps up Costcutter for undisclosed fee
By Ronan Hegarty2020-12-21T12:20:00+00:00 Costcutter operations will become part of Bestway’s retail arm Bestway Wholesale has snapped up symbol operator Costcutter Supermarkets Group for an undisclosed fee from Bibby Line Group. The deal, set to be concluded in the first quarter of 2021 subject to approval from the Financial Conduct Authority, will take the wholesaler’s turnover to almost £3bn. Bestway will then operate a symbol, franchise and company store estate of more than 3,795 UK stores. The Costcutter operations will become part of Bestway’s retail arm. This will involve the ...
Source: thegrocer.co.uk