Safeway

Retail round up

Retail round up

Belgian retail group Colruyt this week reported
better-than-expected results for the 2003/04 financial year after a
predicted price war failed to materialise.

Waitrose leads the chase

Waitrose leads the chase

UK supermarket giant Waitrose has emerged as the favourite to pick
up the biggest package of Safeway stores from WM Morrison. It is
expected to buy up to 25 supermarkets for between £250 million
(€374m) and £300 million.

Morrison to cut costs

Morrison to cut costs

Wm Morrison plans to reduce prices on a further 2,000 Safeway
products over the next month as part of its move to slash prices
throughout the stores it acquired earlier this month.

Morrisons in fine form

Morrisons in fine form

With the takeover of Safeway finally completed this month, UK
supermarket group Morrisons is preparing for a busy 2004 of store
refits, closures and disposals. But at least it starts the new
financial year in good shape, with double...

Green says no to Safeway

Green says no to Safeway

Philip Green's Trackdean Investments group has today confirmed that
it will not bid for the Safeway chain, leaving the way clear for
Morrisons to complete its takeover. The government's ruling that
only 53 Safeway stores...

And then there were five…

And then there were five…

The six bidders for UK supermarket group Safeway have now become
five with the withdrawal yesterday of the US investment group KKR.
The remaining candidates, all of them retail specialists, now await
a decision from the regulators...

Safeway on track to recovery

Safeway on track to recovery

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...

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