Morrisons boss: new US owners won’t sell off assets

Morrisons boss: new US owners won’t sell off assets

Morrisons boss: new US owners won’t sell off assets

The Guardian says the chairman of Morrisons has said he expects the US private equity firm in line to buy the supermarket chain for £7.1bn to stick to its word and keep hold of the retailer’s assets rather than sell them off.

Andrew Higginson also played down concerns over the UK’s supply chain crisis, caused by the national shortage of HGV drivers across Britain. He said the supply crunch had been well publicised but was “slightly overblown”, adding that he expected no disruption to Christmas deliveries.

https://www.theguardian.com/business/2021/oct/04/morrisons-us-sell-off-assets-supply-chain-crisis-christmas-delivery


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