UK: Supermarket Price Wars Are Killing Food Suppliers

The number of UK food suppliers that have gone bust has tripled in the past five years, according to accountancy firm Moore Stephens.

More than 160 food companies became insolvent in 2015, which is more than three times the 48 insolvencies in 2010, according to the research cited by The Independent.

Over the last 12 month alone the figure has increased 11% from the period before.

The report blamed supermarket pricing wars, which became even more aggressive in recent years thanks to the rising popularity of German budget supermarkets Aldi and Lidl.

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