Kwik Save
2012– logo
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| Public company | |
| Industry | Retail Groceries |
| Founded | 1959–2007 2012– |
| Headquarters | Warren Drive, Prestatyn, Denbighshire (1959–2006) (Payroll & HR only after 1998) Somerfield House, Bristol (1998-2006) Huddersfield, West Yorkshire (2006–2007) York, North Yorkshire (2012–) |
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Key people
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Albert Gubay (Founder) |
| Products | Groceries |
| Parent |
Somerfield (1998–2006) BTTF Ltd (2006–2007) Costcutter (2012–) |
| Website | www |
Kwik Save is a British discount supermarket chain that was founded in Wales. It has stores across the United Kingdom. It went into administration in 2007, but was brought back in April 2012. Its stores were small to medium-sized high street supermarkets, mainly located in areas with below average incomes.
It struggled to make profits during the 2000s, as superstore operators such as Asda, Tesco and Sainsbury's introduced their own budget brands, and foreign discounters such as Lidl, Aldi and Netto (who all arrived in the United Kingdom during the first half of the 1990s) expanded.
The company was listed on the , and was once a constituent of the FTSE 100 Index. It went into administration on 6 July 2007, and closed most of its stores across the United Kingdom, with the remaining 56 being sold to a new company, FreshXpress, which itself went into administration in March 2008.
It was then resurrected in a smaller form with nine stores, but this second incarnation of FreshXpress went into administration, and ceased trading in 2009. All remaining stores have since been closed.
In 2012, the brand was relaunched as a budget fascia for convenience stores supplied by Costcutter.
It was founded as Value Foods by Welsh entrepreneur Albert Gubay on 11 May 1959 and based in Prestatyn. The company rented its first retail shop in Queen Street, Rhyl, in July 1959. Further traditional stores were opened in Chester and Wrexham. In 1964, Gubay visited the United States with fellow director Ken Nicholson, and learnt about the "baby shark" method of retailing.
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Wikipedia