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Kwik Save - Business Sale
09/07/2007
Kwik Save sells 56 stores for £18m. Administrators for ailing discount chain Kwik Save have sold 56 stores for a reported £18m, saving 560 jobs in the process.After going into administration Kwik Save closed 90 of its stores which resulted in the loss of 1,100 jobs. Those that have lost their jobs are unlikely to be paid by administrators KPMG and will have to claim for statutory redundancy pay.
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