Retail entrepreneur Philip Green has asked British competition regulators for the go-ahead for a cash bid for UK supermarket chain and takeover target Safeway, but said he was unlikely to make an offer in the near future.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


Trackdean Investments, the Green family’s investment company, said it did not expect to release further information for several weeks.


Green, who owns UK retail groups BHS and Arcadia, had been expected to make an unconditional cash offer for Safeway while the other bidders were reviewed by the Office of Fair Trading, reported Reuters.

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now