Supermarket

UK Retailer Morrisons Agrees £6.3bn Offer From Fortress Investment Group

Morrisons, Britain's fourth largest supermarket operator, has agreed a takeover offer from Fortress Investment Group, which values the business at &po...

Morrisons Sees Sales Growth Slow Due To Tough Comparatives

UK supermarket Morrisons has reported a sharp slowdown in quarterly sales growth, due to tough comparatives with the corresponding quarter last year, which...

Fix Price Raises $2bn In Russia's Largest IPO Since 2014

Fix Price set the final offer price for its initial public offering (IPO) at $9.75 per global depositary receipt (GDR), the top of its target range, implyi...

Online Grocery Sales Hit Record High In Ireland: Kantar

Online sales now account for 5.2% of the Irish grocery market, close to double that of a year ago (2.7%), according to the latest market share data from Ka...

Britain's EG Group To Buy Asda's Petrol Stations For £750m

The Issa brothers and TDR Capital will offload Asda's petrol stations to their own EG Group for £750 million ($1.02 billion) when their purchase...

Edeka Relies On Automation Solution From Cimcorp

Edeka Rhein-Ruhr is equipping its new distribution centre in Oberhausen-Waldteich with modern food storage logistics from Cimcorp. As part of Germany's...