UK: Morrison sells four Safeway stores to Asda
UK supermarket group Wm Morrison has announced that it has agreed to sell four Safeway stores to rival Asda.
This is the latest tranche of store divestments announced by Morrisons since it completed the takeover of Safeway in March this year and is a continuation of the disposals required by the undertakings given by Morrisons to the Office of Fair Trading (OFT) in December 2003.
Three of the stores being disposed of - Shrewsbury, Coventry (Abbey Park) and Burton on Trent - are among those which Morrisons is required by the OFT to sell. Morrisons has also agreed to sell the Safeway store at Northampton (Kingsthorpe) as part of this transaction although this store was not on the OFT divestment list.
"Our integration of the Safeway business is progressing and today's announcement is a further step in the overall process. The contract with Asda is subject to the approval of the Office of Fair Trading, and discussions with them have commenced," said Bob Stott, joint managing director of Morrisons.
Wal-Mart's UK supermarket chain Asda has announced that it will switch 500,000 hens from battery cages into open barns by 1 May by changing the way in which it sources standard own label, fresh eggs....
Wal-Mart's UK supermarket chain Asda, is considering a bid for supermarket Somerfield, according to the Sunday Telegraph newspaper....
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....
UK Supermarkets import a much higher proportion of organic pork than is the case with conventional supplies, according to organic food lobby group the Soil Association....
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....
Wal-Mart's UK supermarket chain Asda has announced price cuts worth £100m (US$188m)....
Wal-Mart's UK supermarket chain Asda has awarded a contract to frozen food supplier Fullers Foods International to supply UK frozen vegetables for all its 274 stores in Britain....
UK supermarket chain Wm Morrison has agreed with BP Oil UK to dissolve the partnership between Safeway, acquired by Morrison in 2004, and BP....
- General Mills sales woes continue - analysis
- Why personalisation will take-off in US food
- Comment: Meal kits in US - don't believe the hype
- US food next wave on display at Winter Fancy Food
- Analysis: Chocolate sector's deforestation pledge
- Kraft Heinz cuts jobs in US, Canada
- Unilever invests in Dutch meat substitute project
- Lactalis fails to hit threshold to delist Parmalat
- Brazil seeks to cool concerns over meat probe
- Fonterra cuts earnings forecast