THE rumour mill around supermarkets sweeping up convenience store brands has been raging on, with the spotlight now falling on Costcutter, thanks to a letter to retailers from managing director Michael Bibby.
Bibby, MD of Costcutter parent firm Bibby Line Group, informed retailers of a formal announcement on the horizon with “exciting opportunities on the table”, although as Scottish Grocer went to press it was not known if this was in reference to either a sale or acquisition.
In his letter to retailers, Bibby flagged Tesco’s announcement of its acquisition of Booker in January as a move which took the sector by surprise, and suggested that Costcutter has since been exploring various options.
