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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Aug- 2021 -20 AugustSupermarkets
Morrisons accepts £7bn offer from CD&R
Morrisons has revealed it has accepted a new £7bn offer from US private equity firm Clayton, Dubilier and Rice (CD&R). In a statement, the big four grocer revealed it had accepted the deal which values the business at 285p per share, an increase of 13p per Morrisons Share and £332m…
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17 AugustSupermarkets
Grocery sales fall 4% as pre pandemic habits return
Grocery sales fell by 4.0% during the 12 weeks to 8 August 2021 compared with the same time last year as consumers have started to return to pre-pandemic spending habits, according to the latest figures from Kantar. In the shorter term, Kantar found sales are declining much more slowly: by…
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16 AugustSupermarkets
CD&R looks to counter Fortress bid for Morrisons
Clayton Dubilier and Rice (CD&R), an American private equity company, is believed to be gearing up to place a counter bid on rival Fortress’s £6.7bn offer for Morrisons before its deadline on Friday (20th August). According to The Times, Clayton Dubilier and Rice will have to raise its bid to…
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13 AugustSupermarkets
McColl’s H1 losses widen to £2.1m
McColl’s Retail Group, the convenience shop and newsagent operator, saw its losses before tax widen to £2.1m for the 26-week period ended 30 May 2021, up from H1 FY20’s £500,000 losses. The company also reported a 5.3% year-on-year fall to total revenues of £572.7m in H1 FY21. McColl’s claimed that the…
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11 AugustSupermarkets
Morrisons to close on Boxing Day for the first time ever
Bosses at Morrisons have told staff they can have Boxing Day off this year as a thank you for their hard work during the Covid-19 pandemic. The supermarket made the announcement to its 111,000 workers today. The news comes just weeks before the conclusion of a takeover battle that will…
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9 AugustSupermarkets
Morrisons gives CD&R more time to launch rival offer
Clayton, Dubilier and Rice (CD&R) has been given more time to launch a rival offer for Morrisons. The supermarket asked the UK Takeover Panel, which regulates market activity, to give CD&R more time following the news that rival private equity firm Fortress Investment Group had upped its offer to £6.7bn. …
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9 AugustSupermarkets
McColl’s plots £30m capital raise
The McColl’s convenience store chain has said it is considering undertaking a capital raise fund to accelerate the expansion of its partnership with supermarket Morrisons. The group made the announcement today (9 August) after Sky News reported over the weekend that McColl’s had approached institutional investors regarding a potential share…
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6 AugustSupermarkets
Morrisons agrees to raised £6.7bn Fortress takeover offer
Morrisons has announced that it has reached an agreement with Fortress Investment Group for a revised takeover offer worth £6.7bn. The increased offer of 270p per share plus 2p in special dividend represents an increase of approximately £400m to Fortress’ original offer value. In a statement, the supermarket stated that…
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2 AugustSupermarkets
CD&R set to launch rival Morrisons bid
Private equity group Clayton, Dubilier & Rice (CD&R) is reportedly set to kick off a bidding war for grocery chain Morrisons, following a £6.3bn offer from American rival Fortress. According to The Sunday Times, CD&R is said to be lining up equity and debt financing for a counter bid offer…
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Jul- 2021 -30 JulySupermarkets
CMA raises no issues over Morrisons takeover
The private equity backed consortium looking to buy Morrisons has said the Competition and Markets Authority (CMA) has not raised any issues surrounding its £6.3bn takeover deal. The consortium, which is led by Majestic Wines owner Fortress, has said the CMA has told the group that it had “no further…
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