Andrea Felsted, Columnist

In the U.K., It’s Barbarians at the Supermarket

The country’s biggest grocery stores look like catnip for private equity.

June 22, 2021 at 7:11 AM UTC

Andrea Felsted is a Bloomberg Opinion columnist covering consumer goods and the retail industry. Previously, she was a reporter for the Financial Times.

Did someone say shopping spree?
Source: Bloomberg

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Private equity is stocking up on groceries.

With the billionaire Issa Brothers and TDR Capital acquiring a majority stake in Asda in February, and Clayton, Dubilier & Rice dangling 5.5 billion pounds ($7.6 billion) for Wm Morrison Supermarkets Plc over the weekend, Britain’s other big supermarkets better believe they’re now in buyout groups’ sights.