Concern mounts over private equity interest in grocers following failed Morrisons bid

Morrisons for web

Both Usdaw and the shadow minister for business and consumers have raised concerns about private equity ownership of UK grocers as takeover speculation mounts.

Following the shock £5.5bn takeover bid for the UK’s fourth largest grocer Morrisons by New York-based private equity firm Clayton Dubilier & Rice (CD&R) yesterday, both the shopworkers’ union and Labour MP Seema Malhotra have called on greater oversight to stop private equity owners stripping grocers’ assets and slashing jobs in the process. 

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