Morrisons swings to significant loss in year after private equity buyout
Morrisons has been racking up losses since its buyout by US firm Clayton, Dubilier & Rice (CD&R), according to new documents filed on Companies House.
The retailer, which was bought by CD&R in October 2021 for £7bn, swung to a loss of £1.5bn in the year after its buyout.
In the year prior to the takeover, Morrisons was one of Britain’s ‘big four’ supermarkets and reported a £201m annual profit, but in the year to last October it sank to a dramatic loss.
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