UK: SAFEWAY ATTRACTS TAKEOVER INTEREST

Article Abstract:

In preparation for the results of a Competition Commission enquiry into supermarket pricing, supermarkets and financial groups in the UK are already taking the initial steps towards the possible acquisition of weaker rival Safeway. The commission is thought to be against further consolidation of the market, but if its recommendations are not too tough, supermarket chains such as J Sainsbury, Waitrose and Tesco could all attempt to take over Safeway. Safeway has attracted interest following a recovery under new chief executive Carlos Craido-Perez. Sainsbury could target Safeway stores in the north-east of England and in Scotland where it has little presence of its own. Venture capital interest could come from Kohlberg Kravis Roberts, a former owner of the Safeway chain in the US, or Nomura International of Japan.

SWY, J Sainsbury PLC, Waitrose Ltd., Kohlberg, Kravis, Roberts & Co.

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UK: SAFEWAY AWARDS MAGAZINE SUPPLY CONTRACT

Article Abstract:

Safeway, the UK based supermarket group, has awarded an exclusive magazine supply contract with WH Smith . The company believes that switching from a regional network to a national supply network would enable both retailers and distributors to better match supply and demand. The deal is believed to be in support of a similar contract between rival supermarket group, Tesco, and WH Smith, and it has been suggested that other retailers, including Waitrose, may follow the example set by Tesco and Safeway.

New orders received, Periodicals, Periodical Publishers, Strategic alliances, Use of materials & supplies, Periodical publishing, WH Smith Group PLC

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US: KINGS TO BE BOUGHT BY DIGIORGIO?

Article Abstract:

DiGirgio, which operates Bally casinos, looks the likely buyer of the US-based Kings supermarket chain currently owned by Marks & Spencer for about US$ 200mn. The disposal could be completed within the coming few weeks. In the last complete year Kings announced profits of GB[pound] 10mn on a GB[pound] 245mn turnover. It is being sold by Marks & Spencer which feels there is not enough potential to expand it further.

United States, Marks and Spencer PLC, M.H. King Co.

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