Morrisons launches cost-cutting programme to tackle cost-of-living
Morrisons has plans for a three-year £700 million cost savings programme to keep prices down and engage and retain consumers.
Morrisons has plans for a three-year £700 million cost savings programme to keep prices down and engage and retain consumers.
City sources suggest that Jason Tarry, currently CEO for UK and Ireland at Tesco could replace Morrisons’ David Potts.
Morrisons has announced that its new investment in a Scottish recycling plant will help the company meet its goal of recycling and reusing the equivalent amount of plastic it puts on to the market.
The multi-billion-pound offer made by Clayton Dubilier & Rice (CD&R) has been passed by the supermarket’s shareholders following months of negotiations.
Private equity firm Clayton, Dubilier & Rice (CD&R) ended the auction takeover against Fortress Investment Group with a winning £7 billion bid.