Morrisons
This coverage explores Morrisons’ strategy, operations, and market presence within the UK grocery and retail sector. Reporting includes store performance, product development, supply chain initiatives, financial results, marketing strategies, sustainability efforts, and leadership decisions. With an emphasis on commercial impact and competitive strategy, it provides valuable insights for retail professionals managing grocery, convenience, and large-scale retail operations.
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Feb- 2024 -5 FebruaryNews
Today’s news in brief-5/2/24
Authentic Brands, the owner of Ted Baker, is reportedly exploring cost-saving options after terminating its relationship with AARC, the company responsible for Ted Baker’s UK operation. The potential measures include store closures, job cuts, or a Company Voluntary Agreement (CVA) to reduce rent rates or exit stores. Authentic had provided…
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5 FebruaryNews
Morrisons stores chief steps down
Morrisons stores chief has stepped down from his role at the company after four years, The Telegraph has reported. David Lepley, who was appointed group retail director in 2020, has worked for Morrisons for almost eight years. He has an extensive career in the retail industry, having started at Asda…
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1 FebruaryNews
Today’s news in brief-1/2/24
Lloyds Pharmacy, now known as Diamond DCO Two Limited, entered voluntary liquidation, owing £293m to 514 creditors. The liquidation process will be handled by Martin Armstrong and Andrew Bailey of Turpin Barker Armstrong Accountants. The majority of the debt is owed to current and former owners, including Diamond DCO One,…
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1 FebruarySupermarkets
Morrisons EBITDA hits £970m
Morrisons has revealed that its EBITDA increased 6.5% to £970m, for the year ended 29 October 2023. Alongside this, the supermarket’s full-year total revenue excluding fuel was £14.9bn, an increase of 2.7% compared with last year. The company posted a total revenue excluding fuel of £3.6bn, up 3.2% and like-for-like…
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Jan- 2024 -31 JanuaryNews
Today’s news in brief-31/1/24
The Body Shop is set to sell parts of its business in Europe and Asia. The deal involves an agreement with an international family office, covering around 14% of the business. This move is part of The Body Shop’s strategy to prioritise key markets and global franchise partner relationships. The…
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31 JanuarySupermarkets
Morrisons to sell 337 petrol forecourts in £2.5bn deal
Morrisons has revealed it has agreed a deal with Motor Fuel Group (MFG) to sell 337 Morrisons petrol forecourts (including fuel, convenience retail kiosk and ancillary services) in a £2.5bn deal. The agreement also includes the acquisition of more than 400 associated sites, across the UK, for Ultra-Rapid electric vehicle…
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23 JanuaryNews
Today’s news in brief-23/1/24
Boohoo has changed its leadership as Shaun McCabe has stepped down as CFO, and Stephen Morana has been appointed as the new CFO. Morana, known for his ecommerce expertise, will assume the role on 19 February 2024. Boohoo highlighted Morana’s experience, including leading businesses through IPOs and creating significant shareholder…
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23 JanuarySupermarkets
Morrisons nears £2.5bn sale of forecourt business
Morrisons is reportedly close to agreeing a deal to sell its forecourts business to Motor Fuel Group (MFG) in a £2.5bn, according to Sky News. MFG and Morrisons are both majority owned by American private equity firm Clayton Dubilier and Rice (CD&R). Reports of talks between the two companies emerged…
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15 JanuaryNews
Today’s news in brief-15/1/24
Shein, the fast-fashion brand, is reportedly facing delays in its plan to go public on the US stock exchange due to the need for approval from a Chinese regulator. The approval process is expected to be lengthy, and Shein is also expected to face stricter scrutiny from US regulators. The…
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15 JanuaryFeatures
Which supermarkets performed the best over Christmas?
According to data from Kantar, Britons made 488 million trips to the supermarkets over the Christmas period, marked out as the four weeks ended 24 December. That number is 12 million more than last year and the largest Christmas period since 2019. This was mildly surprising in a year that…
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