Morrisons was acquired by US private equity firm Clayton, Dubilier & Rice (CD&R) in October 2021 for £7 billion, taking the company private. While other firms like Fortress Investment Group and Apollo Global Management were involved in the bidding war, CD&R ultimately won the auction.
Morrisons is owned by the U.S. private equity firm Clayton, Dubilier & Rice (CD&R), which acquired the supermarket chain in a £7 billion takeover deal that took the company private in late 2021. CD&R continues to own Morrisons, though it has since sold off some assets like petrol forecourts to other entities also linked to private equity, with Morrisons retaining a minority stake in those ventures.
Morrisons is trying to turn around performance after building up debts in a £7bn takeover by the US private equity group Clayton, Dubilier & Rice in 2021. Tesco, the UK's biggest supermarket chain, notched up sales growth of 7.4%, taking its market share to 28.4%, well ahead of any rival.
UK supermarket chain Morrisons has confirmed it will close 145 locations across its network, including 17 convenience stores and 52 cafés, as it pushes ahead with a plan to rein in costs and improve productivity.
Morrisons is undergoing significant restructuring, closing many in-store services like cafes, Market Kitchens, florists, pharmacies, and fresh food counters (meat/fish) across the UK, impacting hundreds of jobs as part of cost-cutting measures after its private equity takeover, while also facing financial pressures, including a £17m tax bill and delayed net-zero targets. The closures aim to modernize the business, but signal financial struggles, with some observers noting a decline in standards, leading to a "slow slide" for the company.
UK supermarket Morrisons agrees to $8.7 billion takeover
Who owns Morrisons 2025?
The group – owned by US private equity firm Clayton, Dubilier & Rice – said it cut debts by 10% over the year, but still ended 2024-25 with a £3.1 billion debt pile.
The Morrisons "£10 rule" is a loyalty perk for More Card members: spend £10 or more in a single in-store shop, scan your card, and you receive a voucher for a free refillable hot drink (like coffee, tea, or hot chocolate) at a Morrisons Café, redeemable within seven days, excluding takeaway or Morrisons Daily locations. This promotion offers a nice bonus for regular shoppers, though it's important to note restrictions like the single-use voucher, the 7-day limit, and exclusions for certain store types or online purchases.
this year, Morrisons was ranked as the joint worst supermarket by shoppers, with people complaining that the grocer had “gone downhill” and describing its shops as cramped.
What is the fastest growing supermarket in the UK?
As of late 2025 and early 2026, Ocado consistently ranks as the fastest-growing online grocer, while German discounter Lidl is a top performer for physical stores, often leading among traditional supermarkets in growth alongside Ocado, with both experiencing significant sales increases and market share gains. Strong performances are also seen from Tesco and Sainsbury's, with discounters Aldi also seeing consistent growth, though Asda and Co-op have faced sales declines.
The £10bn takeover of Morrisons by buyout giant Clayton, Dubilier & Rice in 2022 was seen as a landmark deal for the private equity industry, alongside TDR Capital's £6.8bn deal for Asda, alongside Mohsin and Zuber Issa.
Morrisons' stance is complex, generally avoiding political alignment but facing pressure from both sides, primarily by sourcing some produce from Israel while committing not to source from Occupied Palestinian Territories, leading to boycotts and campaigns from Palestinian solidarity groups. They've responded to campaigns by removing products or correcting misrepresentations (like a Ramadan calendar listing the Al-Aqsa Mosque in Israel) but maintain sourcing from Israel as a business decision, not political support, despite ongoing consumer activism.
No, Tesco is not buying Morrisons; Morrisons was acquired by the US private equity firm Clayton, Dubilier & Rice (CD&R) in a £7 billion deal completed in late 2021, though there's a link due to former Tesco boss Sir Terry Leahy leading the CD&R bid, notes The Times and The Guardian. There was speculation about a potential Tesco takeover years prior, but the actual buyer was CD&R, which took Morrisons private, reports BBC and The Grocer.
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Pay 2021/22: £1.7m. New Morrisons CEO Rami Baitieh is yet to complete a year in the post, so his salary hasn't been disclosed in accounts. However, his predecessor David Potts took home £2.8m in his final full year at the helm, according to the retailer's most recent annual report.
Yes, Morrisons has been laying off staff, with significant job cuts totaling over 3,600 in 2025 as part of operational restructuring, including closing 17 convenience stores and over 50 in-store cafes, alongside more recent redundancies in head office and "People" management roles to streamline operations and refocus investment, following a return to profit after its 2021 private equity takeover.
What time of day do Morrisons reduce their prices?
Morrisons starts price reductions in the early afternoon (around 12-2 PM) for yellow stickers, with the biggest discounts typically occurring in the evening between 5 PM and 7 PM, right before closing, especially on fresh counter items like meat and deli goods. You can often find substantial savings on items approaching their sell-by date during these late afternoon/early evening times, with some reports of 80-95% off.
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