How much of Morrisons' weak financial result was self-inflicted? | Nils Pratley

The grocer's buyout by a US private equity firm in late 2021 was spectacularly badly timed It was a year of transition, said David Potts, chief executive of Morrisons, referring to the grocer's £7bn takeover by the US private equity firm Clayton Dubilier & Rice (CD&R) in late 2021. He could equally have meant the other significant change: Morrisons transitioned from fourth largest supermarket chain in the UK before the buyout barons took control, to fifth. One can see in Thursday's numbers how ...