Gerry. Scroll down the last two pages of discussion and you'll find the links. I am against a merger, as I believe Sainsburys (and the City mafia) would be the dominant partner, with all the baggage they would bring - placemen, time-serving non-execs. At Morrisons we now have two career grocers in charge. Things are improving, and Morrisons appear to be more selective these days in their choice of non-execs. Please, no return to the days of Boland, Sir Ian Gibson, and Phillips. Beware the… Read More
hjhj, Ive not seen any articles, hypothetical or otherwise. If you have, please link them here. I agree with your "Without a clear joint strategy a merger is not worth the bother" comment but why not look at the possibility. Scale and cost savings plus more options on how to fight with discounters and all the reasons you state added to the property freeholds make me think it might be worth investigating. I didnt think it would be allowed previously.
I think that any merger of Morrisons and Sainsburys would lead to a severe clash of current cultures. In recent months Sainsburys seem to have given up on matching the discounters. Their basics range prices have jumped to a level where I ask why continue? The only benefits I can see are in Morrisons manufacturing plants which strip out the middleman, and whose output would increase. Without a clear joint strategy a merger is not worth the bother. Do the people who write these hypothetical… Read More
One of the most honest and trustworthy men I have ever come across . I had contact with him when I worked in the food industry . A great loss to society . I shall miss him ! I held senior positions in the manufacturing side for over 30 years .
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