Analysts raised fresh doubts about the future of Argyll Group's Presto discount chain this week following the news it was closing or selling 45 branches in Scotland and the north-east.
The newbuild Presto stores look similar and already carry the own label," one told The Grocer.
Argyll has been taking chunks out of its retail estate since September when it sold 123 Lo-Costs, the last of its discount chain, to the CRS and 28 Presto branches to a consortium of Spar wholesalers (The Grocer, September 3, 1994).
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