All Supermarkets articles – Page 36
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NewsFortress prepares fresh Morrisons bid as potential auction looms
Fortress is preparing a fresh bid for grocery giant Morrisons as its ongoing takeover tussle with rival Clayton, Dubilier & Rice heads towards an auction.
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NewsMorrisons pension trustees warn of risks around potential takeover
The takeover offers for Morrisons could “potentially weaken” the security of the supermarket’s pension schemes if no additional protections are offered, according to its trustees.
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NewsSainsbury’s braces for bid as American investors circle
The UK’s second largest grocer Sainsbury’s is reportedly being targeted for a takeover by an American private equity firm, amid mounting mergers & acquisitions in the grocery space.
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AnalysisAnalysis: How do CD&R and Fortress’ rival visions for Morrisons compare?
As Clayton, Dubilier & Rice (CD&R) moves into pole position ahead of Fortress to acquire Morrisons, Retail Week compares the competitors’ strategic plans for the grocer.
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GalleryStore gallery: Russian discounter Mere takes off with first UK store
Mere, the discount supermarket chain that claims to be the ‘Russian Lidl’, has opened its first ever UK store in Preston, Lancashire.
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DataData: Grocery sales slip as customers enjoy lifting restrictions
Grocery sales continued to decline in August as customers returned to pubs, bars and restaurants.
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NewsTesco readies ‘just walk out’ tech at city-centre Express store
Tesco has refurbished its High Holborn Express store as the site of its first ‘just walk out’ branch open to public customers.
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NewsMorrisons to shut all stores on Boxing Day
Supermarket giant Morrisons will shut all of its nearly 500 stores over Boxing Day to reward the hard work of its more than 110,000 frontline staff this year.
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NewsAsda trials shop-in-shops for new start-up investment Lean Kitchen Network
Grocery giant Asda has invested in digital food service start-up Lean Kitchen Network (LKN) and unveiled plans for a four-store shop-in-shop trial, the latest in a string of partnerships designed to repurpose space in its stores.
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NewsSingaporean sovereign wealth fund joins Fortress Morrisons consortium
Singaporean sovereign wealth fund GIC has joined the consortium bid led by Fortress for supermarket giant Morrisons.
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NewsTesco Bank to close all customer current accounts later in the year
Tesco Bank is closing all of its customer current accounts from the end of November and will write to those affected in the next two weeks to advise them on what to do.
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NewsPrivate equity battle for Morrisons set to intensify as CD&R mulls offer
The battle between private equity firms to take over grocery giant Morrisons is set to intensify, with reports that Clayton, Dubilier & Rice is working on another bid.
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DataData: Online sales slide for first time ever as grocers run into tough comparisons
Overall grocery sales slipped while year-on-year online grocery sales declined for the first time ever as grocers began to confront tough comparisons from last year.
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NewsMinisters mull short-term visas to end haulage crisis
Government ministers are in discussions about launching a short-term visa scheme for lorry drivers in a bid to end the ongoing HGV driver shortage.
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NewsMorrisons reassures anxious farmers over Fortress takeover
Morrisons has written to farmers to insist that its prospective new owners will protect the grocer’s character and relationship with suppliers.
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NewsExclusive: Amazon poaches Tony Hoggett from Tesco to run international stores arm
Amazon has poached former Tesco chief strategy officer Tony Hoggett to head up its international stores arm, Retail Week can reveal.
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NewsExclusive: Tesco’s Tony Hoggett departs after more than 30 years
Tesco group chief strategy and innovation officer Tony Hoggett has left the grocer.
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NewsUnion urges government to roll back on removing mask mandate
Usdaw has urged the government to roll back on removing the mask mandate in stores as some grocers have warned of rising staff absenteeism due to coronavirus.
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NewsGovernment extends working hours for lorry drivers to ease shortage
The government is temporarily extending the limit on lorry drivers’ working hours in order to ease the ongoing shortage, with the measures receiving backlash from the haulage sector.
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AnalysisAnalysis: Would Majestic owners Fortress be a good fit for Morrisons?
Since Fortress’s £6.3bn offer for Morrisons was recommended to shareholders on Saturday, the private investment giant has become the favourite to take over the grocer. Retail Week looks at what kind of owner Fortress would likely be.