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| Kwik Save enters administration | |
| (about 4 hours later) | |
| Supermarket chain Kwik Save has gone into administration. | |
| The company, which used to be owned by Somerfield, will close 90 stores, with another 56 due to be rebranded as Fresh Express stores. | |
| Staff at the reprieved stores should receive their back pay next week, but the 1,100 made redundant are unlikely to be paid by administrators, KPMG. | |
| 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. |
| 'Fighting back' | 'Fighting back' |
| One worker said she and her colleagues had been let down by management and treated "like numbers". | One worker said she and her colleagues had been let down by management and treated "like numbers". |
| "I am going to fight for my redundancy money," Amanda Higgins, from Liverpool, told the BBC. | "I am going to fight for my redundancy money," Amanda Higgins, from Liverpool, told the BBC. |
| "I am not going to let it lie." | "I am not going to let it lie." |
| 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. |
| I asked, "Are you shutting us down?" to which she replied "Yes", nearly in tears. Tracey Sandiford Kwik Save: Your Stories | |
| "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: |