UK: Former Safeway boss looking to buy stores from Morrison - report
Carlos Criado-Perez, the former chief executive of UK supermarket chain Safeway, is reportedly hoping to acquire 120 small Safeway stores from Yorkshire-based retailer Wm Morrison.
Criado-Perez left his position at Safeway earlier this year after the chain was bought by its smaller rival, Morrison.
Now he is believed to be one of several parties interested in purchasing some or all of 120 smaller Safeway stores that Morrison may sell off, reported the Financial Times. Criado-Perez may face competition for the stores from other UK retailers such as J Sainsbury and Tesco, however.
Dairy company Robert Wiseman Dairies PLC announced today (Thursday) that its supply contract with Wm Morrison Supermarkets is not to be renewed....
Dairy Company Dairy Crest announced today (Thursday) that it is getting a bigger share of WM Morrison's dairy business. It has also acquired dairy company Starcross Foods....
Supermarket chain Safeway has reported net income of $131.3mfor the first quarter ended 26 March 2005 compared to $43.1m for the first quarter of 2004....
UK supermarket group J Sainsbury has announced the acquisition of SL Shaw Ltd, a neighbourhood convenience store operator with five stores in the south east of England....
Supermarket Safeway is today (Wednesday) opening a new $175m distribution centre in Auburn, Washington, the culmination of a 2 1/2 year project which it says solidifies its position in the north west....
Tesco, the UK's biggest supermarket chain, has today (Tuesday) reported a 20.5% rise in pre-tax profits to £2.029bn (US$3.84bn) for the 52 weeks ended 26 February 2005....
UK supermarket Sainsbury grew faster than Wal-Mart's Asda in the twelve weeks to 27 March 2005, the first time that has happened for ten years, according to figures from market researchers TNS....
UK supermarket chain Wm Morrison has agreed with BP Oil UK to dissolve the partnership between Safeway, acquired by Morrison in 2004, and BP....
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