Tuesday, June 07, 2005

Morrisons moves…


Morrisons Supermarkets UK
The supermarket chain Morrisons has sold 12 Safeway stores in Northern Ireland to rival company ASDA for £73.6m, in a move that reflects its strategy of focusing on UK business.

The widely anticipated sale, which is subject to clearance by the Office of Fair Trading, is the latest in a string of deals as Morrisons sells off Safeway stores outside the British mainland.

Last April the company announced that it had sold two Safeway stores in Jersey and Guernsey. Just prior to that, Morrisons had confirmed that it was also marketing the Gibraltar Safeway store. Adverts in the specialist property press describe the Westside supermarket as a prime retail site “with significant development potential.” Morrisons placed the adverts after receiving a number of unsolicited enquiries about the Gibraltar store. The company wanted to “understand the true nature of this interest, which may lead to the store being sold.” As yet, however, there is no information as to the response it has received.

Related Articles:

27 May 2005 - Gibraltar's Safeway up For Sale

22 April 2005 - Morrisons consider bid for Gibraltar Safeway store - Confirmed

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