Transaction will reportedly provide investment firm Song Capital with ground rent on 76 supermarkets for 45 years
Morrisons has raised £331m to cut its debt pile through the sale of ground leases on 76 supermarkets as part of a turnaround plan under the new chief executive, Rami Baitiéh.
If all the proceeds are used to pay down debt, Morrisons would have net debt of £3.6bn, down from as much as £8.6bn at the end of last year.
Continue reading...Shoppers reported replacement items in 47% of UK deliveries, including 62% from Asda, in Which? survey
Dog chews instead of chicken breasts? Strawberries in place of bin liners? These are just some of the strangest supermarket substitutions, according to a poll.
Almost half of supermarket deliveries (47%) included a substitute item over the past 12 months, the survey for the consumer group Which? found.
Continue reading...Chickens’ diet cuts emissions linked to soya feed, while retailer’s food waste will fuel ‘bug farms’
Morrisons will offer consumers the first “carbon-neutral” eggs to be produced by feeding hens insects raised on food waste from the company’s supermarkets.
Chickens laying the eggs will have a soya-free diet including insects fed on food scraps from the retailer’s bakery, fruit and vegetable sites.
Continue reading...The retailer identified the pricing error on its website before any bottles were sold
Mark Twain reputedly said “Too much of anything is bad, but too much good whisky is barely enough”.
Online shoppers at the supermarket Morrisons came close to testing his theory when the retailer accidentally priced bottles of a Scotch whisky at just £2.50, a 93% discount from its usual price of £36.
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