Morrisons, the British supermarket chain, is planning to close 100 of its convenience stores over the coming months. The planned closures affect its Morrisons Daily format, putting hundreds of employee roles at risk across the UK. According to the company, the affected stores had been loss-making for a considerable period. The properties were originally acquired in 2022 as part of a £190 million ($237.50 million) rescue deal for the McColl’s …
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Morrisons
Morrisons, the UK’s fourth-largest supermarket chain, has entered into a three-year exclusive out-licensing agreement with Applied Nutrition, a Liverpool-based wellness brand, to launch a new 53-strong range of high-protein food products. The Applied Food range is being rolled out to 400 Morrisons stores and includes high-protein pizzas, sandwiches, salads and snacks. A key feature of the partnership is the Small & Balanced ready meal range, which is specifically designed to …
Morrisons, the UK’s fourth-largest supermarket chain, has announced plans to close its Rathbones bakery manufacturing facility in Wakefield, West Yorkshire, putting 115 jobs at risk. The decision follows a period of restructuring for the 28,000 sq ft site, which produces specialist items such as crumpets, pancakes, pitta bread and naan. While Morrisons originally considered closing the plant in late 2024, it opted instead to downsize operations to focus on niche …
British supermarket chain Morrisons has announced the closure of 132 McColl’s convenience stores so that the retailer can make a profit in the medium term. According to an article in European Supermarket Magazine, the retailer plans to close most stores this year, leaving 55 stores with a post office to close in 2023. The McColl’s chain was acquired out of administration last May, but the deal was only cleared last …
British supermarket chain Morrisons, owned by the US private equity group Clayton, Dubilier & Rice, was selected ahead of Asda owners’ in the bid for McColl’s chain ownership. According to sources, McColl’s was sold via a pre-pack administration, after the retailer’s lenders had declined a request to restructure its debt. With Morrisons’ offer, McColl’s stores and human resources will be retained. The 16,000 McColl’s staff will be transferred to Morrisons, …
US private equity firm Clayton Dubilier & Rice (CD&R) has won an auction to acquire the Morrisons supermarket chain with an offer of £7 billion ($9.4 billion), outbidding Fortress Investment Group, according to an Insider Media report. CD&R reportedly bid £2.87 in cash for each Morrison share, beating the £2.86 offer made by Fortress Investment Group. Morrisons has a workforce of about 120,000 staff in the UK, including across its 497 supermarkets, as …
UK supermarket chain Morrisons has agreed on a takeover offer from a consortium led by US-based Fortress Investment Group in a deal worth $9.01 billion, according to BBC and FoodBev reports. Morrisons, which has around 500 outlets and a workforce of more than 110,000, had previously rejected a bid from another US private investment group which valued the company at $7.65 billion. Fortress Investment Group’s previous UK investments include alcoholic …
Leading e-retailer Amazon has signed a deal with supermarket chain Morrisons that will enable it to begin selling fresh and frozen food in the UK for the first time, according to reports from the Guardian and the BBC. The new deal will see ambient, fresh and frozen products available to order on both Amazon Prime Now and Amazon Pantry over the coming months. In 2015, in what was then its …
UK supermarket chain Morrisons is to launch a new milk brand that is claimed to support dairy producers by ensuring that 10 pence per litre of the retail milk price is returned directly to farmers. The move comes on the back of a number of direct action protests by farmers targeting the retailer’s stores. “We recognise that the current market for liquid milk is impacting on hardworking dairy farmers and …
Morrisons, the UK’s fourth biggest supermarket chain, has announced that it is looking to hire 5,000 new shop floor staff in its supermarkets in a bid to improve service and increase the number of available checkouts. The new strategy also includes proposals to reduce up to 720 head office roles, where staff numbers have grown 50% since 2008. The move comes after Morrisons posted a decline in turnover and profit …
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