In the UK, The Observer reports that if it is successful in acquiring fourth-ranked supermarket chain Safeway Plc, William Morrison Supermarkets could sell as many as 140 of the company's smaller stores, generating as much as $440 million (US) for its bottom line.
The government had mandated that for antitrust purposes, Morrison had to sell 52 units. But the small size of the stores - plus interest from companies that include Big Food Group, Somerfield, and Aldi - have encouraged Morrison to consider a broader sell-off.
The government had mandated that for antitrust purposes, Morrison had to sell 52 units. But the small size of the stores - plus interest from companies that include Big Food Group, Somerfield, and Aldi - have encouraged Morrison to consider a broader sell-off.
- KC's View:
