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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Jul- 2021 -28 JulySupermarkets
GIC joins Fortress-led Morrisons takeover bid
GIC, a Singapore investment firm, has joined the £6.3bn Fortress-led consortium bid for Morrisons. A filing on the London Stock Exchange revealed that GIC will join the efforts of Oppidum Bidco, a newly formed company indirectly owned by funds managed by Fortress, as an additional co-investor. In turn, the bid…
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28 JulySupermarkets
Morrisons’ largest shareholder ‘not inclined’ to back £6.3bn Fortress offer
Morrison’s largest shareholder Silcherster has said it is “not inclined” to support the £6.3bn takeover that has been accepted by the company’s board. The investment firm, which owns a 15.1% stake in the ‘Big Four’ Grocer, has said it believes more time should be given for a rival bid to…
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23 JulySupermarkets
Fortress to launch review if Morrisons bid successful
US Private equity fund Fortress Investment Group will reportedly launch a review of Morrisons’ operations within the first six months of ownership, should its planned £6.3bn takeover bid end successfully. According to the Financial Times, while Fortress are “broadly supportive” of Morrisons’ management team the review would include the supermarket…
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21 JulySupermarkets
CD&R considering second Morrisons bid
American private equity firm Clayton Dubliner and Rice (CD&R) is reportedly considering making a second bid for UK supermarket chain Morrisons. According to The Times, CD&R is said to be working on a financial package with JP Morgan, Goldman Sachs and BNP Paribas. CD&R failed with a £5.5bn bid last…
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20 JulySupermarkets
Morrisons kicks off work at new Kirby store
Morrisons has revealed that it has started work on the fitout of its new store in Kirkby which is due to open later this year. Over the next few months, the supermarket chain will be transforming the 47,100 sq ft which will feature market street counters as well as a…
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20 JulySupermarkets
Apollo pulls out of solo Morrisons bid
Apollo Asset Management has revealed it will no longer push ahead with a solo takeover offer for UK supermarket Morrisons, but said it is in discussions to join a rival bid. In a statement released today (20 July) the company said it is in “preliminary discussions” to join forces with…
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19 JulySupermarkets
Morrisons set to unveil plans for chekout-less store
Morrisons is reportedly set to unveil plans for a checkout-less store, allowing customers to place their shopping straight into their bags and leave the store. According to reports first revealed by the Mail on Sunday, the grocer is currently trialling a store for its staff outside of its HQ in…
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9 JulySupermarkets
Morrisons CEO to discuss takeover with business secretary
The CEO of Morrisons is to meet with business secretary Kwasi Kwarteng next week to discuss the potential takeover of the business by a consortium led by an US investment firm. According to The Times, Kwarteng has asked CEO David Potts to explain the reasoning behind the company’s decision to…
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5 JulySupermarkets
Morrisons set for bidding war after accepting £6.3bn offer
Rivalling private equity firms are reportedly preparing to engage in a bidding war for Morrisons after it accepted £6.3bn takeover offer yesterday (4 July). The UK supermarket chain’s board of directors accepted a 252p-a-share offer from private equity firm Fortress, rejecting an earlier bid Clayton Dubilier & Rice (CD&R) which…
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1 JulyGovernment
Business committee chair questions CMA investigative takeover powers
The chair of the Business, Energy and Industrial Strategy Committee, Darren Jones, has written to the Competition and Markets Authority (CMA) in relation to their powers to investigate takeovers. It follows the recent purchase of Asda using “significant amounts” of debt and the increased interest from private equity companies in…
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