UK: Morrisons scoops up HMV stores
Morrisons has acquired six HMV stores from the music retailer's administrator, Deloitte, as the grocer seeks to expand its presence in convenience.
No financial details were disclosed for the deal, which comes in the same month that Morrisons acquired 49 former Blockbuster stores across the UK. It has also acquired seven former Jessops shops.
Morrisons is offering employees a GBP500 'finder’s fee' if they find convenience properties for Morrisons that are subsequently opened.
"We have either opened or acquired 70 stores just one month into our financial year so we are pleased that we will exceed our 2013 target," said Morrisons' MD of convenience, Gordon Mowat.
"Our focus is now on opening these stores as soon as we can as well as pushing on to secure even more sites."
After Lindt & Sprungli reported higher solid first-half results last week, just-food interviewed the Swiss chocolate group's CEO Ernst Tanner to discuss its growth in mature markets and its patient st...
- Why Lactalis could move for Dairy Crest
- How brands are eyeing their own retail presence
- Who could swoop for Diamond Foods?
- The consistent inconsistency of European promos
- Indonesia – How ice cream makers can drive volumes
- Nestle, R&R Ice Cream in joint venture talks
- Mondelez 'preparing to sell European cheese unit'
- Unilever acquires Italian gelato group Grom
- How the food industry is reacting to TPP
- China implements new safety regulations
- Management briefing: just-food’s industry outlook for 2015
- Global Savory Snacks Market: Merger and Acquisitions August 2015
- Danone SA : Consumer Packaged Goods - Company Profile, SWOT & Financial Analysis
- E-Grocery Market in India - Market Research 2015-2019
- Food and Beverage Coding and Marking Equipment: Market Outlook 2015-2019