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ALEX BRUMMER: The indomitable spirit is missing at Morrisons


Morrisons needs a Stuart Rose. Chairman Andy Higginson and the board allowed themselves to be sweet-talked into accepting the bid from Softbank and Koch Retail-backed Fortress with loose commitments to maintain Ken Morrison’s legacy.
Instead, they could have repelled the swarming private equity bidders and made the case for the Bradford-based supermarket group to go it alone.
As fine and dandy as that may be, Higginson and chief executive David Potts (both Tesco exiles) decided that public to private is inevitable, and the best way to sell it to the critics is to sugar the pill.
Meek: The Morrisons board could have repelled the swarming private equity bidders and made the case for the Bradford-based supermarket group to go it alone ....

New York , United States , Hong Kong , United Kingdom , City Of , Stuart Rose , Ken Morrison , John Connolly , Shriti Vadera , Jim Ratcliffe , Rooney Anand , John Varley , Kevin Lovelock , Roger Holmes , Andy Higginson , Luc Vandevelde , Steve Rowe , Paul Myners , Pascal Soriot , Archie Norman , David Potts , Marks Spencer , Financial Conduct Authority , Greene King , Hydrogen One Capital Growth Fund , Chairman Andy Higginson ,

Investegate |Forward Partners Announcements | Forward Partners: Intention to Float


 
The contents of this announcement, which has been prepared by and is the sole responsibility of the Company, have been approved by Liberum solely for the purposes of section 21(2)(b) of the Financial Services and Markets Act 2000.
 
The release, publication or distribution of this announcement in jurisdictions other than the United Kingdom may be restricted by law and persons into whose possession this announcement comes should inform themselves about and observe any relevant restrictions. In particular, this announcement is not for release, publication or distribution, directly or indirectly, in, into or from the United States, Canada, Australia, the Republic of South Africa, the Republic of Ireland, New Zealand or Japan. ....

United States , United Kingdom , South Africa , City Of , United Kingdom General , San Francisco , New Zealand , Kwazulu Natal , Republic Of South Africa , South African , Republic Of Ireland , Sam Turvey , Ted Phillips , Jonathan Mckay , Nicholas Gywn Brisbourne , John Lewis , Matthew James Bradley , Christopher Smith , Emma Burdett , Christopher Michael Peter Smith , Matt Bradley , Cara Murphy , Neil Patel , Forward Partners Group , Liberum Capital Limited Nominated Adviser , Tata Group ,