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The Guardian - UK
The Guardian - UK
Business
Joanna Partridge

Morrisons slumps to £1.5bn pre-tax loss after private equity takeover

Morrisons CDR Asda McColl
Morrisons
Morrisons, which can trace its history back 124 years, delisted from the London Stock Exchange after being bought by Clayton, Dubilier & Rice in October 2021. Photograph: Ian West/PA

The supermarket chain Morrisons slumped to a £1.5bn loss during its first full year in private-equity ownership, according to its latest results.

The grocery retailer was bought by the US private equity firm Clayton, Dubilier & Rice (CD&R) for £7bn in October 2021 after an intense bidding war.

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