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Following this, Morrisons sold its distribution centre in Kent to a real estate investment company for £97.8 million. The depot in Kemsley was to be immediately leased back to the supermarket chain on a 25-year agreement, for a rent of £5.4 million per annum. [46]
The PA news agency examines some of the key questions after private equity firm CD&R launched a bid to buy the supermarket chain.
Morrisons’ takeover of McColl’s is expected to be cleared after the supermarket giant told regulators it would sell 28 convenience stores to push the move through.
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At the time of the announcement, the McColl's website listed a total of 1149 stores, with 755 branded McColl's, 270 branded Morrisons Daily, 116 branded Martin's and eight branded RS McColl. [28] On 9 May, Morrisons agreed terms with the administrator to acquire McColl's in a pre-packaged insolvency arrangement. [16]
The British Safeway was founded in 1962 by the American Safeway Inc., before being sold to Argyll Foods in 1987. It was later listed on the London Stock Exchange. [citation needed] It was purchased by Morrisons in March 2004. Most of its 479 shops were rebranded as Morrisons, with others being sold.
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Founded and owned by Marilyn and Neville Wright, it was the largest privately owned online retailer of its kind, until its acquisition by Morrisons in 2011. [1] On 14 July 2014, it was sold to Endless LLP for £2 million. [2] In 2016, Kiddicare and its parent Worldstores were purchased by the British homeware retailer Dunelm Group.