Morrisons ready to sell to rivals in bid to slash debt pile

The Bradford-based business is hoping to strike new supply agreements for its Myton food production arm, according to The Telegraph. 

Myton currently supplies Morrisons with products including sweet and savoury pies, meat, fish, eggs and flowers, and already supplies a number of independent retailers. 

However, Morrisons is looking to widen this scope and representatives from other supermarket retailers have been invited to one of Myton’s factories in recent weeks to discuss potential supply arrangements.

Morrisons is also looking at ways for its Myton business to supply large, UK hospitality businesses and has held showcases to promote its British produce. 

A Morrisons spokesperson said: “Myton is an independent, high-quality food manufacturing business and has always served other customers as well as Morrisons.

“It has been growing this area of the business over recent years by attracting new customers in retail, food service and food manufacturing, to build a broader base for the business both in the UK and internationally.

“Myton does not comment on the detail of its customer relationships.”

Morrisons is still trying to dig itself out from under the debt pile it accrued from its £7bn takeover by US private equity firm Clayton, Dubilier & Rice (CD&R) in 2021.

At the end of the 2025 financial year, Morrisons debt was £3.17bn, down from £6.6bn. It posted a £381m for the period, narrowing from a £414m loss the previous year. 

The retailer has been cutting costs across the business. Last week, it was reported that Morrisons was looking to close 100 of its loss-making Daily convenience stores, with the possible loss of hundreds of jobs. 

The retailer announced plans last year to close 52 cafes and 16 convenience stores, putting hundreds of jobs at risk. Last month, it was revealed that around 200 jobs were at risk at its Bradford headquarters.