PricewaterhouseCoopers has been called in by Back To The Future (BTTF), the
owner of Kwik Save, to advise on a £30m fundraising.
Some sources claim the money is need by the supermarket to stem heavy
losses, while others close to Kwik Save insist that the money is being raised to
finance development of a new store format currently being tested in a small
number of stores
BTTF, which is led by Richard Peacock, chief executive of Peacock Group,
bought Kwik Save in February from Somerfield.
According to the Times, when owned by Somerfield the chain was
estimated to lose £1m a week.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.