grafham2 days agoM&S chairman and ex-Asda boss issues stark warning to every UK consumerverified_publisherleeds-live.co.uk - Rachel Pugh, Matt DrakeBritons have been issued a bleak warning by the chairman of M&S about the price of food shops. Archie Norman has been the chair of M&S since 2017. He …
grafhamMcColl’s saga is lesson banks must take onboard with recession loomingverified_publisherThe Guardian - Nils PratleyAll’s well that ends well? Not quite. McColl’s has obviously got the right rescuer in the shape of Morrisons, the biggest supplier by far to the 1,100-strong convenience store chain. But David Potts, the chief executive of Morrisons, was entitled to say he was “disappointed” that this mini-drama …
grafhamMorrisons rescues McColl's taking on all 16,000 staffbbc.co.uk - By Jennifer MeierhansSupermarket group Morrisons has won a battle to rescue McColl's, the convenience store and newsagent chain, and taken on all 16,000 staff members. Morrisons beat a rival offer from EG Group, the petrol station empire, owned by the billionaire Issa brothers. Morrisons will pay off McColl's £170m debts …
grafhamUK Retailer McColl's Collapses; 16,000 Jobs At RiskBarron's - By AFP - Agence France PresseADDS background British convenience store chain McColl's said Friday it had gone bust in the face of weak consumer spending as inflation soars, …
grafhamBillionaire Mukesh Ambani’s Reliance Withdraws $3.2 Billion Take Over Bid For India’s Future RetailForbes - Jonathan BurgosReliance Industries—controlled by billionaire Mukesh Ambani—has withdrawn its proposed acquisition of Future Retail, ending its lengthy battle with U.S. e-commerce giant Amazon for control of the Indian grocery chain. Reliance abandoned its 247.1-billion-rupee ($3.2 billion) bid after secured …
grafhamBurger King owner says Russia operator has ‘refused’ to shut shopsstandard.co.uk - Benjamin CooperThe owner of Burger King has said the operator of its 800 stores in Russia has “refused” to close them. The president of Restaurant Brands …
