UK: Rumours fly as retailers consider impact of Safeway ruling
Following the ruling by the Department of Trade and Industry last week that cleared the way for Yorkshire-based supermarket chain Morrisons to bid for larger rival Safeway, speculation and rumours regarding the future of the UK supermarket sector remained rife over the weekend. While an industry source told Reuters that Safeway had not decided what price to ask from Morrisons for the takeover, the Sunday Times reported that Safeway would ask its suitor to pay £3.5bn (US$5.8bn), compared to the retailer's now-lapsed initial January offer of £2.9bn.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 16 years of archives.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- Price an underlying tension across European FMCG
- Analysis: Tyson's shrewd investment in Beyond Meat
- Interview: UK trade body on Brexit's policy impact
- Danone's Q3 sales - what the analysts say
- It won't just be Unilever to push for Brexit hikes
- Bel takes majority stake in MOM Group
- Mars launches Maltesers in the US
- Nestle lowers outlook on "softer environment"
- Metropoulos invests in Utz Quality Foods
- China milk powder arrests prompt Fonterra "review"
- The Big 15: Strategies and Priorities of Top Packaged Food Players in Comparison
- Omega-3 in Food and Beverage:Time for a Reboot?
- Packaged Food: Quarterly Statement Q3 2016
- Global Food Packaging: Innovating for Greater Convenience and Quality Image
- Constellation Brands, Inc. (STZ) - Financial and Strategic SWOT Analysis Review