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Posts tagged to M Local

Sorry for any inconvenience caused? Morrisons expected to sell off its M local convenience stores

MarketLine

Morrisons, Britain’s fourth-largest grocer, is in advanced talks to sell its convenience stores to investment firm Greybull Capital as new chief executive David Potts seeks to focus the business on its traditional supermarket estate. Greybull was working with a team of industry executives to take over about 150 stores that trade as M local and generate annual sales of about GBP 300m (approximately $494m). The convenience sector has become a primary focus for many UK retailers reeling from the discounter industry disruption, which has seen Aldi and Lidl wrestle market… Read more