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| Version 3 | Version 4 |
|---|---|
| Administration plan for Kwik Save | Administration plan for Kwik Save |
| (about 3 hours later) | |
| Supermarket chain Kwik Save is expected to go into administration on Friday. | |
| The company, which used to be owned by Somerfield, will close 90 stores, with another 56 being rebranded as Fresh Express stores. | The company, which used to be owned by Somerfield, will close 90 stores, with another 56 being rebranded as Fresh Express stores. |
| Staff at the 56 rebranded stores should receive their back pay next week, but the 1,100 made redundant are unlikely to be paid by the administrators. | Staff at the 56 rebranded stores should receive their back pay next week, but the 1,100 made redundant are unlikely to be paid by the administrators. |
| Many staff worked unpaid for the last six weeks in the hope that the chain could be saved from administration. | Many staff worked unpaid for the last six weeks in the hope that the chain could be saved from administration. |
| Kwik Save had already closed 81 of its branches as it struggled to compete with low-cost rivals such as Aldi and Lidl and its market share fell to 0.2%. | Kwik Save had already closed 81 of its branches as it struggled to compete with low-cost rivals such as Aldi and Lidl and its market share fell to 0.2%. |
| Kwik Save's falling market share | Kwik Save's falling market share |
| Shop workers' union Usdaw said that staff in stores earmarked for closure would be "devastated" by the news. | Shop workers' union Usdaw said that staff in stores earmarked for closure would be "devastated" by the news. |
| "Our members will be feeling totally let down by Kwik Save," Joanne McGuinness, the union's national officer said. | "Our members will be feeling totally let down by Kwik Save," Joanne McGuinness, the union's national officer said. |
| "They have shown incredible strength and resilience in trying to keep the company alive and have had to rely on handouts from relatives. Some have faced losing their homes." | "They have shown incredible strength and resilience in trying to keep the company alive and have had to rely on handouts from relatives. Some have faced losing their homes." |
| Redundant staff will probably have to apply to the government to receive some of the money they are owed, although they would probably only be able to claim up to £240 a week. | Redundant staff will probably have to apply to the government to receive some of the money they are owed, although they would probably only be able to claim up to £240 a week. |
| The future of Kwik Save has been uncertain since it was sold by Somerfield group to BTTF 12 weeks ago. | The future of Kwik Save has been uncertain since it was sold by Somerfield group to BTTF 12 weeks ago. |
| In the 12 weeks to 20 May, Kwik Save had just a 0.2% share of the UK supermarket spend, according to TNS Worldpanel, against 0.8% in the same period a year before. | In the 12 weeks to 20 May, Kwik Save had just a 0.2% share of the UK supermarket spend, according to TNS Worldpanel, against 0.8% in the same period a year before. |
| Return to top | Return to top |
| Are you employed by Kwik Save? Do you shop there? How does this news affect you? Send us your comments using the form below: | Are you employed by Kwik Save? Do you shop there? How does this news affect you? Send us your comments using the form below: |