UK retail entrepreneur Philip Green has said he is still considering making a bid for UK supermarket chain Safeway, despite weekend media reports that his interest in Safeway had declined.
Go deeper with GlobalData
Trackdean, a company controlled by Green’s family, said it a statement that it was continuing to evaluate a possible offer for Safeway, reported Reuters.
According to a report in the Independent on Sunday, however, Green had looked at Safeway’s books and decided not to bid.
“I wouldn’t put any of my money into (Safeway)… and I wouldn’t put anyone else’s, not if I liked them,” he was quoted as saying by the paper.
The outcome of the government’s competition inquiry into the Safeway takeover battle is expected to be made known this week.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
