Costcutter

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 in the United Kingdom.[2][3]

Costcutter
TypeFranchising
IndustryRetail
Founded1986 (1986)
Headquarters
Number of locations
1,700[1]
Area served
ProductsGrocer's shop, convenience shops
Parent
  • Barry Group (Costcutter Ireland)
  • Bestway (Costcutter UK)
Subsidiaries
Website
Costcutter shop in Deptford, London.

In the UK, the group owns the Costcutter, Kwik Save, Mace, Supershop, and Simply Fresh brands.

History

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 the Republic of 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.[12]

References
  1. "About Us!". Costcutter. 28 March 2016. Retrieved 28 March 2016.
  2. "What is Costcutter?". Retrieved 17 November 2012.
  3. "About Costcutter Ireland".
  4. "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". 23 October 2006.
  7. "Costcutter begins a new era with Kwiksave".
  8. "Co-op rebuffed after £15m takeover raid on struggling Costcutter". Sky News. Retrieved 20 March 2020.
  9. Co-operative https://www.co-operative.coop/media/news-releases/csg
  10. Nazir, Sahar (7 April 2020). "Costcutter launches 20 pop-up stores in NHS hospitals - Retail Gazette". Retrieved 7 May 2020.
  11. The Grocer https://www.thegrocer.co.uk/mergers-and-acquisitions/bestway-snaps-up-costcutter-for-undisclosed-fee/651624.article
  12. "About Costcutter Ireland".

9. https://m.independent.ie/business/vantage-chiefs-in-mbo-row/26129207.html

10. The Irish times https://www.irishtimes.com/business/barry-s-buys-24-shop-franchises-1.1105974

11.Irish Independent https://m.independent.ie/business/costcutter-vantage-in-strategic-link-up/26195238.html

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