Article 698RF Is private equity tearing the soul out of Morrisons supermarket?

Is private equity tearing the soul out of Morrisons supermarket?

by
Sarah Butler
from on (#698RF)

The UK chain's thrifty founding family would never have run it this way. Now, with high debts and falling profits, signs look grim

We all say he would be turning in his grave. It is not what it was," says one former member of staff outside the Girlington branch of Morrisons in Bradford.

On the streets of the West Yorkshire city that Sir Ken Morrison helped put on the map, the mood surrounding Britain's fifth-biggest supermarket chain is decidedly glum.

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