Private equity is changing supermarkets
CD&R’s takeover of Morrisons hasn’t been the first of its kind, but it has shown a trend among supermarkets and their investor suitors. With Morrisons’ results being worse off than they were a year ago, what is the end goal for these deals?
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After being dethroned as one of the Big Four supermarkets by Aldi in late 2022, Morrison’s most recent blow came in the shape of £1.5bn worth of losses one year after being acquired by Clayton, Dubilier and Rice (CD&R) in October 2021 for £7bn with a debt-led takeover.