Kwik Fit set on expansion after appointment of property consultant
Kwik Fit is bucking the trend of consolidation in the tyre retail sector with a new growth strategy across the UK. That much is evidenced by the appointment of Automotive property consultancy Rapleys to advise on its search for new premises, understood to be focused mainly on pre-let opportunities. However, Tyres & Accessories understands that standing assets will also be considered.
Indeed, Rapleys representatives report that Kwik Fit wants to “open in more locations”. This is on top of “a robust investment programme to upgrade existing sites with a focus on innovation and sustainability to adapt to changing requirements and customer demand.”