Empty clothes rails, beauty and food shelves at Tesco could be a possibility if a strike at the supermarket giant’s warehouses can’t be averted. Over 1,000 distribution staff have voted to strike from December 16.
There’s speculation that THG founder and CEO Matt Moulding could take the listed company private after he said he regrets listing the firm around a year ago. Its shares rose over 5% in early trading Monday as a result.
UK grocery and general merchandise retailer Morrisons is being acquired by the group that made a rebuffed bid for it earlier this year, with American group Clayton, Dubilier & Rice winning the auction at the weekend.
It looks like the battle to take over Morrisons will go to auction with the supermarket giant saying Wednesday it’s in talks with both the US private equity suitors that have tabled bids, along with the Takeover Panel.
British supermarket and general merchandise retailer Morrisons has agreed a takeover offer worth £7 billion from US private equity group Clayton, Dubilier & Rice (CD&R), dropping its recommendation of a lower bid