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PricewaterhouseCoopers has been called in by Back To The Future (BTTF), the owner of supermarket
chain Kwik Save, to advise on a £30 million fundraising.
Some analysts claim the cash is necessary to stem heavy losses.
Others close to the company insist that the money is being raised to
finance development of a new store format which is currently being tested in a
small number of stores.
Kwik Save was sold to BTTF by Somerfield in
February.
Recent press reports claim that, when owned by Somerfield, the chain
was estimated to be losing £1 million a week.
Source:
RedAlert
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