In October 2021, shareholders of UK supermarket Morrisons approved a £7 billion (€8.3 billion/$8.5 billion) takeover of the company by US private equity firm Clayton, Dubilier & Rice (CD&R).
The deal has since come under scrutiny, as the Bradford-based grocer continues to shed market share as the cost-of-living crisis impacts consumer spending.
In April, Morrisons warned a slowdown in spending and a surge in inflation are threatening its profit.
The latest Kantar market research figures for the three months to July 11, show the grocer’s sales have fallen 6.7
