Wm Morrison Supermarkets Limited
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Wm Morrison Supermarkets Limited - overview
Established
1899
Location
Bradford, -, UK
Primary Industry
Retail
About
Based in Bradford, UK, and founded in 1899 by William Morrison, Wm Morrison Supermarkets Limited, trading under the name Morrisons, is a supermarket chain that retails groceries. It began as a stall, selling eggs and butter, and gradually the business expanded into a small group of Bradford market stall. In 1952, Ken Morrison took over the business from his father and was able to grow the business into a supermarket by 1961. By 1967, the company's plans for future growth led it to go public by listing on London Stock Exchange under the ticker symbol MRW.
In October 2021, Clayton, Dubilier, and Rice (CD&R) won the bid to acquire the company in a public-to-private transaction, for approximately GBP 9. 7 billion and was consequently delisted from the London stock exchange. As of November 2021, the company is being led by David Potts, as its CEO. The firm has 497 stores across the UK, and also has eight regional distribution centers and one national distribution center.
Wm Morrison Supermarkets Limited primarily retails food and grocery products through in-store and its online webshop that also offers online food delivery service. The company also operates as a food maker and has 19 food manufacturing facilities across the UK, where it produces fresh food products including meat, fish, bakery, fruit and veg, and deli, etc. Wm Morrison Supermarkets Limited also offers its products to its retail partners and wholesale customers, and its brand portfolio comprises Savers, Woodhead Bros, International Seafood Co, Greenside Deli, Free From, V Taste, Fresh Ideas, Naturally Wonky, Little Kitchen, Home Cook, and a clothing and home range brand, Nutmeg. The company generated revenue GBP 9.
05 billion in H1 2021, and GBP 17. 59 billion in the fiscal year 2020.
Current Investors
Ares Management, Clayton Dubilier & Rice, Goldman Sachs Asset Management
Primary Industry
Retail
Sub Industries
Consumer Products, Clothing Stores, Supermarkets & Grocery Stores
Website
www.morrisons-corporate.com
Verticals
E-commerce, Manufacturing
Company Stage
Mature
Total Amount Raised
Subscriber access only
Wm Morrison Supermarkets Limited - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Motor Fuel Limited | - | ||||||||
| N/A | Completed | 1a Water Vole Way | - | ||||||||
| Add-on | Completed | McColl's Retail Group plc | - | ||||||||
| Public to Private | Completed | Wm Morrison Supermarkets Limited | - | ||||||||
| N/A | Completed | Morrisons | - |
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