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Morrisons will now seek to sell the stores to a buyer or buyers approved by the competition regulator. The stores set for sale include 26 shops in England, such as sites in Swindon, Lincoln and ...
The PA news agency examines some of the key questions after private equity firm CD&R launched a bid to buy the supermarket chain.
The British Safeway was founded in 1962 by the American Safeway Inc., before being sold to Argyll Foods in 1987. It was later listed on the London Stock Exchange. [citation needed] It was purchased by Morrisons in March 2004. Most of its 479 shops were rebranded as Morrisons, with others being sold.
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On 1 November 2022, Morrisons announced it would close 132 loss-making McColl's stores (putting 1,300 jobs at risk) over the remainder of the year, and convert the remaining McColl's stores into Morrisons Daily stores within the next two to three years, bringing the number of Morrisons Daily stores to more than 1,000.
Morrisons stated that it had trialled the new structure and believed that better performance was achieved via these methods. These cuts would primarily affect department manager and supervisory positions. Morrisons claimed they would create 1,000 jobs in Morrisons M local convenience stores and 3,000 in new supermarkets.
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Morrisons then had no plans to enter into the convenience store market and, in September 2005, Morrisons sold twenty-one of the sites to Tesco for conversion to Tesco Express stores. The other nine reverted to BP ownership through a Right of first refusal and five of the nine were later sold to Somerfield. [47] Brian Ford's Discount Store 1975