Blog: Sir Ken Morrison takes his bow
Dean Best | 14 March 2008
Business and sentiment are not natural bedfellows.
However, Sir Ken Morrison’s departure after 55 years at Morrisons, the UK’s fourth-largest retailer, has shown that there is room for some emotion in what is a fiercely competitive business.
Sir Ken has built Morrisons from a stall in the northern English city of Bradford to a multi-billion pound national retailer and one that is now again beginning to flex its muscles in UK grocery.
The 76-year-old faced some criticism after Morrisons struggled to digest its 2004 acquisition of UK rival Safeway but the company has recovered and in recent months has gained ground on rivals including Tesco, Asda and Sainsbury’s.
Morrisons chief executive Marc Bolland said Sir Ken is a “unique person” and praised his chairman’s role in building the business.
“The journey from a stall to a GBP13bn (US$26.3bn) company is a large step to make. Most people can make one or two steps but he managed the whole flight of stairs.”
For his part, Sir Ken said he planned to have “a little rest” in his first weeks of retirement. There is though little sign that he will take things completely easy.
“I’ve got a farm that struggles to make a living but it will be intriguing to see the other side of the fence,” Sir Ken said.
Even some of the more hard-nosed UK financial media broke into applause as Sir Ken left the podium. It’s unlikely his kind will be seen again.
We hear a lot in the food industry about two interconnected trends: and social media and “foodie” culture....
Nestle, set to welcome a new CEO on 1 January, has announced more changes to the make-up of its senior management team....
Blue Bell Creameries is trying to win back the trust of consumers after a fatal listeriosis outbreak last year was linked to its products - but in recent days the US ice cream maker has issued another...
The UK's competition regulator has given the all-clear to Hain Celestial's bid to buy UK food and beverage group Orchard House Foods, nine months after the US group announced the deal....
- General Mills on Q1, innovation, margins
- Interview: Mondelez's outlook for China
- Interview: Mondelez eyes sweet success in China
- What next for Bernard Matthews? - comment
- How food companies involve staff in sustainability
- ConAgra acquires Frontera Foods' "gourmet" brands
- Aryzta FY profits fall
- Nestle close to finalising Garoto deal
- Nestle revamps foodservice arm
- Nestle launches Nesquik Protein Plus for adults
- The Big 15: Strategies and Priorities of Top Packaged Food Players in Comparison
- Global Chocolate Confectionery Overview: Challenges, Opportunities and Risks
- Global Foodservice Market 2016-2020
- Constellation Brands, Inc. (STZ) - Financial and Strategic SWOT Analysis Review
- Fast Food Restaurants in the US - Industry Market Research Report