Is Somerfield supremo John von Spreckelsen playing a game of keeping his friends close and his enemies closer? Only last month John Lovering, chairman of budget clothing retailer Peacocks, headed a consortium attempting to takeover Somerfield, which placed extra pressure on the Somerfield board to deliver better results
However, at the unveiling of Somerfield full-year results, von Spreckelsen announced it would trial integrating Somerfield and Peacocks at six stores. Could this relationship survive if Lovering made a third bid?