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Business

US private equity firm CD&R wins takeover auction for Morrisons

US private equity firm Clayton, Dubilier & Rice (CD&R) has narrowly won an auction to take control of UK supermarket chain Morrisons with a 7 billion pound (9.5 billion dollar) bid. CD&R’s 287p a share bid was just above the 286p offer made by rival Fortress Investment Group, and follows a long takeover process that started back in June....

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Retail

Morrisons to open first standalone fashion and homeware store

British supermarket chain Morrisons is set to open its first standalone home and clothing store. The space will feature the retailer’s fashion brand, Nutmeg, as well as its own-brand homeware range. The retailer has advertised jobs online for the new store which indicates it will be in Bolsover, Derbyshire. “Due to the success of our products,...

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