Reposted by Pete Hudson 🇬🇧🇨🇵🇪🇺🏴🇮🇪🇳🇱🏴🇮🇳 #FBPE #BanX #UKPR #UK_JoinEU
Could Asda or Morrisons vanish within a decade?
It will be a blow to many.
Both owned by private equity, loaded with debt, cut staffing/wages, low investment, strangled by asset-stripping, struggling to compete, losing market share.
What future for others being devoured by private equity?
theguardian.com
Supermarket shake-up: why Asda or Morrisons could vanish within a decade
Talks between Sainsbury’s and Morrisons have set industry tongues wagging, with analysts saying the market is ripe for change