Morrisons news and analysis – Page 118
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News
Morrisons appoints three non-execs
After a lengthy and much publicised boardroom battle, troubled supermarket group Morrisons has finally announced the appointment of three new non-executive directors – Nigel Robertson, Brian Flanagan and Susan Murray.Nigel Robertson has held...
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Morrisons under pressure
Investors in Morrisons have called on the retailer’s board not to let short-term problems get in the way of much-needed corporate governance reforms.David Somerlinck, of City investors Pension Investment Research Consultants, said: “There still...
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Don’t forget the people
When you buy a business, you’ve got to take the people along with you, argues Steve Crabb, who believes the writing is on the wall for the Morrisons/Safeway marriage of opposites Seasoned observers of the HR scene have been watching...
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Wal-Mart eyes Republic
Wal-Mart already has its eyes on a move into the Irish Republic following Asda’s acquisition of 12 Safeways from Morrisons in Northern Ireland this week.Speaking to The Grocer before the annual shareholders’ convention in Bentonville,...
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Availability: who’s best
SUPERMARKET AVAILABILITY: June 2004 to June 2005 – quarter by quarterWhen it comes to getting product on shelf, it seems that nobody does it better than Morrisons. Having scooped the award for best availability for the past two years,...
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Asda buys Safeway Northern Ireland stores
Asda has acquired 12 Safeway stores in Northern Ireland from Morrisons, as predicted in this week’s Grocer.The agreement, announced this morning, will see Asda acquire 12 Safeway stores for £73.6m in cash plus the value of fuel stocks at the...
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Feeling the City heat..
...but Sir Ken had many backers at the agm, says Ronan HegartyFrom the large number of burly security men at Morrisons’ agm in Bradford, you would have been forgiven for thinking chairman Sir Ken Morrison expected trouble.But...
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Morrisons to get its estate in order
Morrisons is to sell a further 50 Safeway stores by November as it battles to get the integration process under control.Speaking on the day of its agm (May 26), chief executive Bob Stott said he hoped “in an ideal world” the original three-year...
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How to clean up
Morrisons is taking a leaf out of Safeway’s book and offering dry cleaning operations in its stores.The company is trialling its first dry cleaning facility in its Boroughbridge store in Yorkshire, emulating the success of the operations in...
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Best buys might have to go
The Competition Commission could force Somerfield to sell the two Safeway stores that best fit its customer base as they give the retailer a dominant market share, according to exclusive research for The Grocer.The watchdog is probing 23 of the...
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MBL names Aylwin as supply chain director
Musgrave Budgens-Londis has appointed former Safeway director Mark Aylwin as its new supply chain director.Aylwin joined Safeway’s store operations team in 1984 and moved into supply chain management in 1992. Five years later, he became...
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Why OFT is eyeing acquisitions
The Office of Fair Trading has questioned 23 of the 114 Safeway compact stores acquired by Somerfield. So why have these particular stores been called in?CACI has built catchments around each of the stores and modelled local grocery...
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Two Morrisons products withdrawn
Two own-label products from Morrisons have been withdrawn from sale.The products – Morrisons Bettabuy chicken casserole and Morrisons Bettabuy stewed steak – were withdrawn after routine tests detected traces of peanut that aren’t mentioned...
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United’s bid: who’s in the shadows?
Is United Co-op’s Peter Marks bidding for Somerfield on behalf of several societies? And should it take heed of the lessons from Morrisons’ acquisition of Safeway? Fiona McLelland reportsUnited Co-operatives surprised everyone last...
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Morrisons ditches Wiseman
After weeks of speculation, Morrisons has confirmed that it will rationalise its liquid milk supply base.The multiple – the last of the big four to review its supply arrangements – will ditch Robert Wiseman Dairies and increase the amount of...
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Morrisons sells island stores
Morrisons has sold its two Channel Island Safeway stores to Jersey-based-company CI Traders for £51m.The disposal of its Jersey and Guernsey stores comes as Morrisons seeks to concentrate on its core UK business.The move will also...
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Morrisons looks set to sell in Northern Ireland
Morrisons looks closer than ever to selling its 13 Safeway stores in Northern Ireland.Its annual report, which details when it will convert a significant proportion of its remaining Safeway stores, makes no mention of when or if the Northern...
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News
Morrisons looks set to sell in Northern Ireland
Morrisons look closer than ever to selling its 13 Safeway stores in Northern Ireland.Its annual report, which gives details of when it will convert a significant proportion of its remaining Safeway branded stores, makes no mention of when or...
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News
Falconer boosts Britvic take-home
Britvic Soft Drinks has named Colin Falconer as its new business development manager for Sainsbury.Falconer joins Britvic from pharmaceutical giant Pfizer, where he had been business account manager for Boots, Sainsbury and Safeway. Prior to...