Supermarket giant Morrisons is facing a £100m bulge in its borrowing costs as market volatility takes further toll on the debt-laden business.
Since its acquisition by private equity firm CD&R more than half of the grocer’s longer-term debts have been left floating and it has not hedged its interest, according to reporting by The Sunday Times.
Please sign in now if you have a subscription or are already registered with us.
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.