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More suppliers battling to survive Big Four's price war, says survey

A study from insolvency specialists Begbies Traynor has found that the number of UK food suppliers struggling to stay afloat has leapt more than 50% in 12 months amid a bitter supermarket price war. The study found that the industry had never been tougher for Britain's smallest suppliers, with the research showing 1,622 growers and suppliers in 'significant' financial distress in the three months to the end of June, up from 1,052 at the same time last year. Researchers said there was now a 'new savage landscape' in food retailing with suppliers paying the price for the big supermarkets' drastic turnaround plans aimed at clawing back market share from discount retailers, such as Aldi and Lidl.

 

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