When William Murdoch Morrison and Hilda Morrison opened an egg and butter stall in Bradford market in 1899, they hoped to build a business that would secure their family's financial future.
“Mr Potts said there had been discussions about succession planning since the supermarket was bought by private equity firm CD&R in 2021. There were concerns at the time about the high levels of debt involved in the £7bn deal.
"Morrisons is somewhat squeezed in the middle with intense competition from Tesco’s sheer size as well as the rock bottom prices on offer from the German discounters.” The latest data, however, is positive. Morrisons revealed that total sales, excluding fuel, grew by 3.1 per cent to £3.8bn for the 13 weeks to July 30 and group like-for-like sales, excluding fuel and VAT, were up 2.9 per cent. This performance is due to Mr Potts’ steady hand on the tiller. He leaves Morrisons in better shape than when he arrived and provides Mr Baitiéh with a platform for sustainable growth.
Danmark Seneste Nyt, Danmark Overskrifter
Similar News:Du kan også læse nyheder, der ligner denne, som vi har indsamlet fra andre nyhedskilder.
Morrisons chief David Potts to step down after nine yearsHe will be replaced as chief executive officer by Rami Baitieh, the former chief of Carrefour France, from November.
Læs mere »
Morrisons chief David Potts to step down after nine yearsHe will be replaced as chief executive officer by Rami Baitieh, the former chief of Carrefour France, from November.
Læs mere »
Leading climate activist writes to Leeds Bradford Airport over night flights issueA leading climate activist has written to the head of Leeds Bradford Airport (LBA) over fears it’s trying to ditch its night flight limit.
Læs mere »
Bradford wheelie bins laid down for storm safetyBradford Council crews are placing bins on their sides ahead of Storm Agnes.
Læs mere »
Campaign group pen letter to Leeds Bradford Airport CEO over 'significant' night flight fearsA leading climate activist has written to the head of Leeds Bradford Airport (LBA) over fears it’s trying to ditch its night flight limit.
Læs mere »
Bradford City v Middlesbrough - Rayhaan Tulloch could be given EFL Cup chance by Mark HughesYORKSHIRE rivals Bradford City and Middlesbrough will do battle in the League Cup tonight boosted by impressive weekend victories and keen to add a fresh chapter to their fine history in the competition.
Læs mere »