Home
Distressed Businesses
  • All Distressed Businessess
  • Administrations
  • Liquidations
  • Winding Up
  • Insolvency Advice  New
Buy a Business
  • All Businesses for Sale
  • Find a Business for Sale
  • Raising Business Finance
  • Buyer Acquisition Service   New
  • Escrow Service   New
Sell a Business
  • Sell Your Business
  • List your Business
  • Seller Accounts
  • Need Help Selling?
  • Help With Finance New
  • Business Valuation
  • Business Wanted Adverts
Insights & News
  • View All News
  • View All Insights
  • Exclusive Insights New
Lens
  • Search all UK Companies  New
Log in
Join Now

Home / News / Morrisons in talks to sell convenience stores

Morrisons in talks to sell convenience stores

Tue, 18 Aug 2015 | BUSINESS SALE



Morrisons is in advanced talks to sell its chain of convenience stores to an investment group in order to free itself up to focus on development of its supermarkets.

Reports from The Telegraph and The Financial Times revealed that people familiar with the matter said the firm is in exclusive talks with Greybull Capital regarding the potential sale of the 'M Local' business.

Greybull have not been the only potential buyer to approach the firm over its convenience stores. Alteri, a Mayfair-based investment firm with backing from US private equity group Apollo, is also thought to have made an approach.

Whoever eventually takes ownership of M Local will acquire between 150 and 160 stores which generate in the region of £250 million and £350 million in sales.

However, it remains unclear how much the group is thinking of paying for the retail acquisition and the structure their takeover would take in terms of closures and job cuts.

Any restructuring would follow an already extensive reshuffle implemented by Morrisons' chief executive David Potts, who joined the business as chief executive in March 2015. Mr Potts cleared out the boardroom and over 700 jobs from the firm's Bradford headquarters when he took control, leaving the company to work from a 'back to basics' approach.


View other retail businesses for sale.


Share this article



Latest Businesses for Sale

Accommodation and Floating Support Services Provider
West Midlands, UK

Supplies accommodation and support services for people aged 16 and over. Has developed Client management and safeguarding software database which is used to support the delivery of its services and safeguard the company, staff and service users on a...

Asking Price: Offers Invited
Turnover: £1,450,000

LEASEHOLD


Manufacturer in the Beverage Dispensing Market
UK Wide

Generates turnover of £4.5m with an adjusted EBITDA of £635k. Turnover is expected to rise to £5.9m by YE23. A reputable manufacturer operating at the forefront of the beverage dispensing market. Offers a comprehensive range of industry-standard pum...

Asking Price: Offers Invited
Turnover: £4,500,000

LEASEHOLD


Supplier and Installer of Premier Windows, Doors and Glazing
South East, UK

Installs and supplies windows, doors and conservatories. Also offers upgrades, maintenance and repairs for existing installations. Caters to 80 active clients, 80% of whom provide regular, repeat business. A FENSA registered company. An ideal bolt-on...

Asking Price: Offers Invited
Turnover: £888,769

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
04
 
Jul
 

10 tips to maximise valuations when selling websites | BUSINESS NEWS

Flipping websites can be a highly profitable business model....

 
04
 
Jul
 

Businesses using M&A to respond to global uncertainty | BUSINESS NEWS

CEOs in the UK are increasingly using M&A activity as a way ...

 
01
 
Jul
 

Appreciate Group acquires gift card company | BUSINESS SALE

Gifting and engagement company, Appreciate Group has acquire...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
22
 
May
 

Suppliers expected to follow British Steel into insolvency | ADMINISTRATION

News that British Steel is to be placed into the hands of ad...

 
05
 
Jan
 

Airline’s engineering arm enters administration | ADMINISTRATION

Monarch’s last surviving division has fallen into admi...

 
22
 
Jun
 

My Local convenience store chain heads towards administration | ADMINISTRATION

Convenience store chain My Local faces being pushed into adm...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources

Become a Member

News Categories

  • - Business Sale
  • - Division Sale
  • - Administration
  • - MBO/MBI
  • - Merger
  • - Commercial Property

View all news


About Us

Business Sale Report is the UK's leading independent business for sale & distressed business listing service. Established in 1995, the report offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.

Our Services

Businesses for Sale
Distressed Companies
List a Business
Help with Finance
Buyer Acquisition Service
Small Businesses for Sale

Company

About Us
Insights
News
FAQs
Reviews
Terms & Conditions
Privacy Policy

Get In Touch

020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm


Sign up to our free newsletter



© 1995-2022. Business Sale Report Ltd. All rights reserved. www.business-sale.com.