Morrisons, the Bradford-based supermarket group, must make a bid
for the Safeway chain within 21 days after the UK government
yesterday accepted definitive undertakings from rival chains not to
bid for the company.
Safeway, the British retail group, has reported first half sales
growth of 1.2 per cent, a good performance given the uncertainty
surrounding its future ownership. But a rapid conclusion of the
negotiations with Morrisons will be...
Two of the supermarket groups which were blocked from bidding for
the Safeway chain in the UK are considering taking legal action
against the draconian ruling which prevents them from bidding for
more than just a handful of the company's...
Philip Green, the British retail entrepreneur, has reacted angrily
to reports in the UK press over the weekend that his Trackdean
Investments company was no longer interested in bidding for the
Safeway supermarket group. The Competition...
Morrisons' business model would have a major beneficial effect on
sales and profits at Safeway if the Yorkshire-based chain emerges
as the eventual winner in the battle to acquire the troubled
company. Like-for-like sales growth...
Somerfield is still to find a solution to the question of how to
turn around the performance of the discount store chain acquired in
1998. The latest quarterly figures show that while Somerfield
improved, Kwik Save sales actually...
Morrisons, the chain most likely to be given the all clear to bid
for Safeway, is thought to be considering reducing its offer in the
light of a weakening performance from Safeway over the last few
months. But with Safeway's...
Sainsbury has been dealt a double blow this week, with the news
that its hostile bid for 171 Somerfield stores is likely to come a
cropper at the hands of the regulators followed by the even more
devastating evidence that it has been...
Sainsbury has been investing heavily in revamping its business for
the last two years, but its latest quarterly results show that
there is still an immense task ahead of the UK's number two
supermarket group. So much so that...
The Competition Commission has another month to decide which
retailer will be allowed to bid for Safeway, but UK consumers, it
seems, have already made up their minds. A recent poll by Mintel
showed that the good value for money strategy...
Safeway, the UK food retailer, has maintained sales and profits
during a difficult first quarter dogged by uncertainty over the
future of the chain. A resilient performance by the embattled
chain.
The battle to buy up UK supermarket retailer Safeway is still very
much on, as the Competition Commission announces that its enquiries
are ongoing and that the final decision on the four main rival
bidders is still some way off.
After fighting off two hostile bids, including one which would have
seen 171 of its stores pass into the hands of rival Sainsbury, the
future of UK retailer Somerfield looks more stable. But the company
is likely to remain a takeover...
Just six weeks after it rejected a first takeover bid on the
grounds that it undervalued the company, UK retailer Somerfield has
today turned down a second bid from the same parties on the same
grounds. But this is unlikely to be...
The latest full year results for Safeway - probably the last before
the company is bought out by one of its rivals - were solid if
hardly spectacular, as the uncertainty over the future ownership of
the group took its toll on store...
A proposed takeover bid for the UK retailer Somerfield was rejected
yesterday by the company's board on the grounds that it undervalued
the company. But this will not necessarily be the end of the
affair, with a higher offer...
The fate of Safeway, the UK's fourth-largest food retailer, still
hangs in the balance. An offer from smaller rival Morrisons was
accepted last week, but Britain's number two player, Sainsbury's,
has now trumped that...
Euromonitor continues its analysis of UK retailers with a look this
week at media means and private brands. According to the report, UK
retailers Tesco and Sainsbury's are leveraging the trust consumers
have in their brands to...
Safeway, the oft-maligned UK retailer, has posted a good set of
interim results, an indication, it claims, that its much-needed
revitalisation programme is paying off. This programme will
continue in the second half, with more new...
