US venture capital firm Kohlberg Kravis Roberts (KKR) said it has decided not to pursue its plans for a potential offer for UK supermarket chain Safeway for the time being.

Go deeper with GlobalData

Data Insights

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

KKR said, however, that it would continue to monitor the situation and keep its position under review.

Last month KKR joined the list of potential bidders for the supermarket chain. Safeway has received a lot of interest since rival Morrisons made a surprise bid for the chain in early January.

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