Co-op £15m bid to buy Costcutter rejected

Co-op bid £15m to buy Costcutter
News RN Costcutter Co-op
Login or register to save this article

Bibby Line Group has rejected a £15m bid from the Co-op to buy Costcutter, according to reports.

According to Sky News, the Costcutter owner had been approached by Co-op with an offer several weeks ago. Although the offer had been declined, further talks are still understood to be open. 

The news comes as Co-op's supply deal with Costcutter is set to start on 16 July as the symbol group's retailers get own-label products from the chain. Co-op's acquisition of Nisa had been given final clearance in May. 

Co-op declined to comment, while Costcutter has been approached for a statement. 

Read more: Costcutter rebate deemed unfair by Nisa retailers

By Alex Yau Avatar
By Alex Yau 09 Jul, 2018



Have you seen a boost in own-label products in the past year?

Make the most of

You know your shop better than anyone. Now you can decide exactly what news, advice and retailer case studies that you want to see to help you improve your business.

Subscribe to personalise your content Already have an account? Login