In 1998 the company took over the rival Kwik Save in a £473 million transaction: although the deal was billed as a merger, Somerfield investors owned 62.5% of the enlarged group.
In 1998 the company took over the rival Kwik Save in a £473 million transaction. Although the deal was billed as a merger of equals, Somerfield investors owned 62.5% of the enlarged group.