Morrisons kicks off supermarket sale and leaseback plans

Morrisons store exterior

Morrisons has kick-started plans to sell off some of its supermarkets in a bid to raise cash during difficult economic conditions. 

The grocer’s owner Clayton Bubiler and Rice (CD&R) is reportedly seeking to sell and lease back five Morrisons supermarkets.

If such a transaction were to go ahead, it would be the first deal of its kind the Bradford-based retailer has sanctioned in its 123-year history. 

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