London and Regional Properties (L&R) has announced that it has decided not to proceed with an offer for UK supermarket group Somerfield.

Go deeper with GlobalData

Go deeper with GlobalData

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more


L&R said it reserves the right to make an offer with the agreement or recommendation of the Somerfield board, or if the consortium consisting of Apax Partners, Barclays Capital and the Tchenguiz Family Trust or a third party announces an offer for Somerfield.


L&R’s withdrawal leaves the Apax, Barclays Capital and Tchenguiz consortium as the only party left in the process. The Takeover Panel has set a deadline of 14 October for takeover offers.


Icelandic retail group Baugur kickstarted the takeover battle in March with a £1.04bn (US$1.84bn) approach but has since withdrawn from the process.

GlobalData Strategic Intelligence

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

Just Food Excellence Awards - Nominations Closed

Nominations are now closed for the Just Food Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Winning five categories in the 2025 Just Food Excellence Awards, Centric Software is setting the pace for digital transformation in food and FMCG. Explore how its integrated PLM and PXM suite delivers faster launches, smarter compliance and data-driven growth for complex, multi-channel product portfolios.

Discover the Impact