THE RETAIL BULLETIN - The home of retail news
Home Page
News Categories
Christmas Ads
Commentary
Department Stores
Electricals & Technology
Entertainment
Fashion
Food & Drink
General Merchandise
Grocery
Health & Beauty
Home & DIY
Interviews
Property
Retail News
Retail Solutions
Shopping Centres, High Streets & Retail Parks
Sports & Leisure
Retail Events
THE Retail Conference 2022
Retail Women In Leadership 2022
Digital Transformation Strategy 2022 Part 2
Omni Channel Futures 2023
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
CD&R agrees pensions deal to protect Morrisons workers

The new buyers of Bradford supermarket chain Morrisons have reached an agreement with the company’s pension schemes to protect the cash pots ahead of the £7… View Article

GROCERY

CD&R agrees pensions deal to protect Morrisons workers

The new buyers of Bradford supermarket chain Morrisons have reached an agreement with the company’s pension schemes to protect the cash pots ahead of the £7 billion takeover.

Morrisons suitor Clayton Dubilier & Rice has said it has reached agreement with the pension trustees of the British supermarket chain to provide additional security and support to the schemes, as it seeks to clinch the deal ahead of a rival bidder.

The agreement cements CDR’s pole position in the race to buy Morrisons, however Fortress could still trump the bid and the battle looks to be heading for an auction.

Chairman of the Trustees, Steve Southern, said that under CD&R, the outcome for Morrisons pensioners would be positive.

“We are pleased with the progress made and CD&R’s ability to provide the necessary support and reassurance to the schemes,” he said in a statement.

“CD&R has been proactive in its engagement with the Trustees, with discussions progressing positively and decisively, delivering a positive outcome for all members of Morrisons’ pension schemes.”

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

THE NEXT EVENT

See all upcoming events

LATEST VIDEO

UKG LifeWork ALL: Register your place now to hear more. RETAIL HR 21 Sept LONDON
UKG LifeWork ALL: Register your place now to hear more. RETAIL HR 21 Sept LONDON

Watch video >