Co-op edges closer to Somerfield takeover |
| Thursday, 10 July 2008 | |||||||||
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The Co-op is likely to pay around £1.6bn for Somerfield’s 955 stores, says the Daily Mail. The mutual retailer is hoping to make an announcement next week, says the newspaper. The amount is considerably less than the £2bn price tag previously mooted. Larger Co-op stores are likely to be sold on to rivals, with Morrisons, Asda and even Iceland said to be circling. 
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Comments (3)
Richard Atkin
said:
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I no. i am a student... I no. i am a student who kept going back and the acting store manager said something to me about this a month ago, yet my local store knew nothing untill my mum mentioned it was on Working lunch. Also, they seem not to have sent me my P60, and said they sent a statement of earnings when they hadn't. |
terry levy
said:
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Check out the somerf... Check out the somerfield web site,they don't even mention the takeover.The powers that be dont even let thier staff know whats going on,supermarkets should be run by people who are dedicated to serving the public demand,not by money men who only care for the money they will get out of it. |
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