BusinessBusiness RecoveryGrant Thornton lined up as Kwik Save administrator

Grant Thornton lined up as Kwik Save administrator

Companies halting their deliveries to cash-strapped grocery store

A report in The Sunday Times suggests that
Grant Thornton will be appointed
as administrators at grocery store
chain
Kwik Save
, if KPMG recovery experts are unable to rescue the business.

Kwik Save appears to be in even worse trouble than previously thought after
the newspaper reported that
British
Bakeries part of Premier Foods
has halted bread deliveries to the grocer.

This follows Kwik Save announcing the closure of 79 stores and KPMG being
called into to attempt to save it from bankruptcy.

Further reading:

Kwik Save call in KPMG after payment problems

Kwik Save hit by dramatic rise in CCJs in last few
months

Kwik Save avoids administration

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