Supermarkets
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Oct- 2021 -20 October
Morrisons shareholders give £7bn takeover green light
Morrisons has confirmed that its shareholders have approved its £7bn takeover by CD&R Bidco in a meeting held this week. An auction for the supermarket group was initially conducted on 2 October 2021, where CD&R Bidco bid 287p per Morrisons ordinary share, against a rival offer from Fortress, for 286p…
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19 October
EG Group backs out of £750m Asda forecourt business deal
The owners of EG Group, who bought out Asda in a £6.8bn takeover, have revealed that they will no longer be acquiring the grocer’s forecourt business in a £750m deal. The Issa brothers Zuber and Mohsin, had previously agreed to purchase the supermarket chains petrol filling stations, car wash sites…
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19 October
Rising energy and fuel costs hits supermarket sales
Total Till grocery sales slowed to -0.7% in the last four weeks ending 9 October 2021, as UK shoppers begin to rebalance their spending habits amid growing concerns around rising energy and fuel costs, according to new data released by NielsenIQ. During the period, UK shoppers spent £11.8bn on groceries,…
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19 October
Tesco opens first checkout-free store
Tesco has opened its first ever checkout-free store in London, as part of a trial that will see customers shop and pay without scanning a product or using a checkout. The rollout of its ‘GetGo’ concept to Tesco Express High Holborn follows a successful trial at Tesco’s colleague store in…
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18 October
Tesco commences £500m share buyback
Tesco has announced that it has entered into an arrangement with Citigroup Global Markets Limited to repurchase a total of £500m shares on behalf of the company. The supermarket chain claimed that the shares will be bought back in its entirety no later than October 2022. The grocer had previously…
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14 October
Aldi to open 100 new stores over two years
Aldi has announced that it plans to open 100 new stores across the UK over the next two years. The group has now pledged to invest £1.3bn by 2023 in a bid to further grow its retail estate, as it continues to push ahead with plans to open an average…
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12 October
Aldi to tackle food waste through price cuts
Aldi has announced it is introducing new price cuts on select products in a bid to reduce food waste across the business. The group confirmed that all of its 920-wide estate is marking down goods, including rice, pasta, cereal and tinned food, by 30% if the packaging for these products…
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12 October
Grocery sales dip 1.2% as fuel shortage limits visits
Take-home grocery sales fell by 1.2% over the 12 weeks to 3 October 2021, as the reduced availability of petrol saw shoppers limit the number of trips to supermarkets, according to the latest figures from Kantar. Despite this dip, sales remain 8.1% higher than they were before Covid-19 and every…
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12 October
Tesco to appoint 30,000 Christmas workers
Tesco has announced it will recruit 30,000 temporary workers during the festive period. The grocer said half of those roles have been filled by temporary colleagues who joined Tesco during the pandemic and have had their contracts extended to cover Christmas. The UK-wide roles, in Tesco’s Superstores and Extra stores,…
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8 October
Asda launches incubator programme for new brands
Asda has announced it will launch an incubator programme to “support emerging and entrepreneurial brands in bringing products into its stores”. The ‘Nurture’ programme will give suppliers easier access to shelf space, and the opportunity for Asda to sell new products. Suppliers selected to join the programme will also have…
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