THE RETAIL BULLETIN - The home of retail news
Click here
Home Page
News Categories
Commentary
Department Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Retail Events
People in Retail Awards 2024
Retail HR Central 2024
The Future of The High Street 2024
Retail HR Summit
THE Retail Conference
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Safeway confirms Green approach

Bhs and Arcadia boss enters supermarket free for all January 19 2003 Safeway has said that Philip Green has requested financial information in order to consider… View Article

GENERAL MERCHANDISE NEWS

Safeway confirms Green approach

Bhs and Arcadia boss enters supermarket free for all
January 19 2003
Safeway has said that Philip Green has requested financial information in order to consider a bid for the supermarket chain.

Bhs and Arcadia owner Green has asked for the same financial information that Safeway to Morrisons before its agreed on pound bid for the group.
Green is expected to make an announcement regarding Safeway on Monday. There has been media speculation that Green’s friendship with former Asda chief executive Allan Leighton might prompt the two to team up to join the four bidders already circling Safeway.
While his background is in the UK clothing retail sector, Green has long recognised that a one-stop shop approach appeals to UK consumers. Bhs ran trials of food areas, operated by Iceland, after Green acquired the business. Leighton’s involvement in the successful launch of the George at Asda clothing range would be invaluable in establishing an increased non-food offer at Safeway.
With no presence in the supermarket sector, a bid by Green would not present the same competition issues as bids from Sainsbury’s or Wal-Mart, both of which are also considering offers for Safeway.

Subscribe For Retail News