UK supermarket firm Somerfield looks set to become the subject of a bidding war after it said it was entering talks with three parties interested in acquiring the chain for more than £1bn (US$1.89bn).

Discover B2B Marketing That Performs

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

Find out more


The three are believed to be Icelandic retailer Baugur, property developers Ian and Richard Livingstone and a consortium made up of property tycoon Robert Tchenguiz, buyout firm Apax and Barclays Capital, reported Reuters, citing sources familiar with the situation.


Somerfield is hoping the talks will lead to all three making raised offers for the retailer, which operates the Somerfield and Kwik Save banners. However, the retailer cautioned that there was still no certainty any firm offer would be made.

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now