UK: Morrisons takeover talk continues
A consortium of private equity firms, comprising of Texas Pacific, CVC and Permira, has been identified as possible bidders to take over supermarket retailer Wm Morrison for GBP6bn (US$11.05bn).
According to reports in the Observer newspaper yesterday (3 July 2006), the consortium have requested talks with the UK's fourth largest supermarket retailer, which last month appointed Marc Bolland as new company CEO.
Marie Melnyk, Morrisons managing director, announced her resignation from the company yesterday (6 December) citing medical reasons as the cause of her departure....
Consumers who rely on supermarket economy-range foods could be short-changed on their health, according to in-store spotchecks by the National Consumer Council (NCC)....
The food industry has signalled its intention to undermine the Food Standards Agency's 'traffic light' labelling scheme by focusing on a rival proposal based on guideline daily amounts (GDAs)....
The Competition Commission could extend the deadline for the first document from its ongoing inquiry into the UK supermarket sector, a spokesperson for the CC told just-food....
According to the latest grocery market share figures for the 12-weeks ended 5 November published by TNS Worldpanel, the UK food retail sector is growing ahead of the Retail Price Index, with the major...
Having doubled the size of its operation following the 2004 Safeway takeover, Morrisons senior trading director Martyn Jones has acknowledged the need to adopt some of the former Safeway's processes a...
Patak's, the UK-based GBP80m (US$150m) a year Indian food specialist, has launched a five-strong range of marinades in 180ml bottles at the international food show SIAL in Paris. The range has already...
According to the latest UK supermarket share figures published by TNS Worldpanel, the battle to be the UK's second largest supermarket operator after Tesco has intensified, with Wal-Mart's UK unit Asd...
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