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Completed Acquisition by Co-Operative Foodstores Limited of Eight My Local Grocery Stores from ML Convenience Limited and MLCG Limited
Completed acquisition by Co-operative Foodstores Limited of eight My Local grocery stores from ML Convenience Limited and MLCG Limited Decision on relevant merger situation and substantial lessening of competition ME/6625/16 The CMA’s decision on reference under section 22(1) of the Enterprise Act 2002 given on 19 October 2016. Full text of the decision published on 10 November 2016. Please note that [] indicates figures or text which have been deleted or replaced in ranges at the request of the parties for reasons of commercial confidentiality. CONTENTS Page SUMMARY ................................................................................................................. 2 ASSESSMENT ........................................................................................................... 3 Parties ................................................................................................................... 3 Transaction ........................................................................................................... 4 Jurisdiction ............................................................................................................ 4 Counterfactual....................................................................................................... 5 Frame of reference ............................................................................................... 7 Competitive assessment ..................................................................................... 11 Third party views ................................................................................................ -
Export Marketing Consultancy Project BA (Hons) International Business
Leeds Beckett University/BI Norwegian Business School Export Marketing Consultancy Project BA (Hons) International Business Tutor: Gareth Williams Authors: Kristina Linnea Johansson Brunvall Ole Johannes Gill Lunde Maiken Salmelid Sondre Larsson Richard Lindin Victoria Ekeli Date: 07th of May 2015 Plagiarism declaration “We certify with the signatures that this is our own work. Material from other sources has been properly acknowledge and referenced. The work has not, in whole or in part, been presented elsewhere for assessment. If this statement is untrue we acknowledge that we have committed an assessment offence. We also certify that we have taken a copy of this assignment, to make available upon request, which we will retain after the board of examiners has published results.” Researchers Kristina Linnea Johansson Brunvall Ole Johannes Gill Lunde Richard Lindin Victoria Ekeli: Maiken Salmelid Sondre Larsson 2015-Consultancy report 2 Introduction This report is a comprehensive study for the module Export Marketing at Leeds Beckett University. Through cooperation with the Norwegian grocery store company KIWI Mini Pris AS, the report will present the findings of a thorough market analysis of the UK grocery store market. It will include secondary findings through data collection and will be supported by primary research that the researchers have collected and analysed. Secondary data will be elements on what is currently happening in the market. Elements evaluated are current and future trends, customer needs and behaviour, external macro/micro environmental factors, competitors operating in the market and entry mode possibilities. Primary data methods include in-store and online observation, 3 expert interviews as well as semi-structured interviews conducted in the streets of Leeds to base findings found with customer’s opinions. -
Bargain Booze Limited Wine Rack Limited Conviviality Retail
www.pwc.co.uk In accordance with Paragraph 49 of Schedule B1 of the Insolvency Act 1986 and Rule 3.35 of the Insolvency (England and Wales) Rules 2016 Bargain Booze Limited High Court of Justice Business and Property Courts of England and Wales Date 13 April 2018 Insolvency & Companies List (ChD) CR-2018-002928 Anticipated to be delivered on 16 April 2018 Wine Rack Limited High Court of Justice Business and Property Courts of England and Wales Insolvency & Companies List (ChD) CR-2018-002930 Conviviality Retail Logistics Limited High Court of Justice Business and Property Courts of England and Wales Insolvency & Companies List (ChD) CR-2018-002929 (All in administration) Joint administrators’ proposals for achieving the purpose of administration Contents Abbreviations and definitions 1 Why we’ve prepared this document 3 At a glance 4 Brief history of the Companies and why they’re in administration 5 What we’ve done so far and what’s next if our proposals are approved 10 Estimated financial position 15 Statutory and other information 16 Appendix A: Recent Group history 19 Appendix B: Pre-administration costs 20 Appendix C: Copy of the Joint Administrators’ report to creditors on the pre- packaged sale of assets 22 Appendix D: Estimated financial position including creditors’ details 23 Appendix E: Proof of debt 75 Joint Administrators’ proposals for achieving the purpose of administration Joint Administrators’ proposals for achieving the purpose of administration Abbreviations and definitions The following table shows the abbreviations -
May 4Th 2020 Written Evidence Submitted by Money Mail (COV0131)
May 4th 2020 Written evidence submitted by Money Mail (COV0131) Dear Sir/Madam, The Daily Mail’s personal finance section Money Mail has compiled a dossier of readers’ letters that we hope you will find useful to your inquiry into food supply in the Covid-19 pandemic. We first published a story on Wednesday, April 22, detailing the problems some classed as ‘clinically vulnerable’ were having securing a supermarket delivery in the lockdown. We then received hundreds of emails and letters from readers sharing their experiences. This was one of the biggest responses we have received to a story in recent memory. Money Mail then ran another story the following Wednesday (April 29th) sharing more reader stories and calling on supermarkets to do more to help. In this story, we told readers that their letters (with personal details removed) would be sent to the Efra inquiry. The pages that follow, we have included more 300 of the letters and emails we received in response to our coverage of the issue. Regards, The Money Mail team, Daily Mail 1. My husband and I are having to shield but unfortunately like most other people in similar circumstances, do not meet the very limited criteria set out by the Government for assistance with Food Deliveries. One has to ask why do so many able bodied people clap and cheer for the NHS Staff from their door steps on a Thursday evening yet a great many of them go online to do their Grocery Shopping booking a Home Delivery Slot? Do they not have the sense to see their selfishness and irresponsibility means that -
Retail Change: a Consideration of the UK Food Retail Industry, 1950-2010. Phd Thesis, Middlesex University
Middlesex University Research Repository An open access repository of Middlesex University research http://eprints.mdx.ac.uk Clough, Roger (2002) Retail change: a consideration of the UK food retail industry, 1950-2010. PhD thesis, Middlesex University. [Thesis] This version is available at: https://eprints.mdx.ac.uk/8105/ Copyright: Middlesex University Research Repository makes the University’s research available electronically. Copyright and moral rights to this work are retained by the author and/or other copyright owners unless otherwise stated. The work is supplied on the understanding that any use for commercial gain is strictly forbidden. A copy may be downloaded for personal, non-commercial, research or study without prior permission and without charge. Works, including theses and research projects, may not be reproduced in any format or medium, or extensive quotations taken from them, or their content changed in any way, without first obtaining permission in writing from the copyright holder(s). They may not be sold or exploited commercially in any format or medium without the prior written permission of the copyright holder(s). Full bibliographic details must be given when referring to, or quoting from full items including the author’s name, the title of the work, publication details where relevant (place, publisher, date), pag- ination, and for theses or dissertations the awarding institution, the degree type awarded, and the date of the award. If you believe that any material held in the repository infringes copyright law, please contact the Repository Team at Middlesex University via the following email address: [email protected] The item will be removed from the repository while any claim is being investigated. -
Wm Morrisons Plc
WM MORRISONS PLC Recommendation: BUY Date: 25/04/2018 Market Capitalization £5.53 Billion Equity Value £6.49 Billion Potential 17.3% (Upside) Authors’ Contact Details: Cormac Keane Kashish Verma [email protected] [email protected] Yale School of Management UCD Smurfit *Read the disclaimer at the end of this report* 01 HIGHLIGHTS • Morrisons’ divestment of their unprofitable convenience business has allowed them to turn to a strategy of capital light rebuilding of their core business. • Convenience business sold has since gone into administration. • Morrisons have successfully turned their business around after losses in 2014 and 2015 realizing increased like for like sales increases for the past two years. This growth is mainly due to their renovations of their core supermarket portfolio. • Underlying profit before tax: GBP 337 million (Up by 11.6%) • Control of the entire supply chain by vertical integration, • Very strong balance-sheet and cash flow with largely freehold estate and a low level of debt, • One of the lowest imported items ratios in the industry brings a strong position amidst weakening pound levels and BREXIT uncertainties, • Increase in their wholesale business by deals with Amazon and Ocado will increase their revenues further. • Discount stores remain a dominant force in the UK increasing their market share by roughly 5% y-o-y. This impact will result in Morrisons market share dropping from 10.53% at present to 10.19% by 2023, By Kashish Verma & Cormac Keane 02 TIMELINE •Egg and butter merchant William Morrison begins his business, set to become the 1899 company we know today. -
1 Background
1 Background 1.1 Introduction There has been significant public concern regarding the competitiveness of retail prices in the grocery industry in Australia and the pricing of household grocery products. In particular there is concern that Australia has a highly concentrated grocery industry, and while inflation has been low in Australia over the last few years, grocery food prices have increased at a significantly higher rate than the headline inflation rate. In response to these concerns, the Assistant Treasurer and Minister for Competition Policy and Consumers Affairs wrote to the Australian Competition and Consumer Commission (ACCC) on 22 January 2008, directing the ACCC to hold a public inquiry under Part VIIA of the Trade Practices Act 1974 (the Act) into the competitiveness of retail prices for standard groceries. A copy of this letter is at appendix A. 1.2 Terms of reference The instrument attached to the Assistant Treasurer and Minister for Competition Policy and Consumers Affairs’ letter stated: I, Chris Bowen, Assistant Treasurer and Minister for Competition Policy and Consumer Affairs, pursuant to section 95H(2) the Trade Practices Act 1974, hereby require the Australian Competition and Consumer Commission to hold an inquiry into the competitiveness of retail prices for standard groceries. Matters to be taken into consideration by the inquiry shall include, but not be restricted to: • the current structure of the grocery industry at the supply, wholesale and retail levels including mergers and acquisitions by the national retailers -
A STUDY of the EVOLUTION of CONCENTRATION in the FOOD DISTRIBUTION INDUSTRY for the UNITED KINGDOM October 1977
COMMISSION OF THE EUROPEAN COMMUNITIES A STUDY OF THE EVOLUTION OF CONCENTRATION IN THE FOOD DISTRIBUTION INDUSTRY FOR THE UNITED KINGDOM October 1977 In 1970 the Commission initiated a research programme on the evolution of concen tration and com petition in several sectors and markets of manufacturing industries in the different Member States (textile, paper, pharmaceutical and photographic pro ducts, cycles and motorcycles, agricultural machinery, office machinery, textile machinery, civil engineering equipment, hoisting and handling equipment, electronic and audio equipment, radio and television receivers, domestic electrical appliances, food and drink manufacturing industries). The aims, criteria and principal results of this research are set out in the document "M ethodology of concentration analysis applied to the study o f industries and markets” , by Dr. Remo LINDA, (ref. 8756), September 1976. This particular volume constitutes a part of the second series of studies, the main aims of which is to present the results of the research on the evolution of concentration in the food distribution industry for the United Kingdom. Another volume, already published (vol. II: Price Surveys), outlines the results of the research on the distribution o f food products in the United Kingdom, w ith regard to the evolution of prices and mark-ups, based on a limited sample of food products and on a limited number of sales points in the Greater London area. Similar volumes concerning the structures of the distributive systems and the evolution of prices and mark ups have been established also fo r other Member States (Germany, France, Italy and Denmark). COMMISSION OF THE EUROPEAN COMMUNITIES A STUDY OF THE EVOLUTION OF CONCENTRATION IN THE FOOD DISTRIBUTION INDUSTRY FOR THE UNITED KINGDOM VOLUME I Industry structure and concentration by Development Analysts Ltd., 49 Lower Addiscombe Road, Croydon, CRO 6PQ, England. -
Press Release 25 July 2016
MONDAY 25 JULY 2016 NOT FOR BROADCAST OR PUBLICATION BEFORE 00.01 HRS MONDAY JULY 25TH 2016 Living near a supermarket can bag you a £22,000 bonus on your home • The ‘Waitrose Effect’ can boost the price of a home even further, by an average of almost £40,000 • Discount retailers also help to drive house prices in some areas New research from Lloyds Bank has found that living close to a well-known supermarket chain can add an average of £22,000 to the value of your home. The report also reveals that premium brands can add even more to nearby house prices, with properties close to a Waitrose store receiving an average boost of £38,666 (or 10%) higher than the wider town in which they are located (£425,428 v. £386,763) – the highest amongst the national supermarkets. In addition to Waitrose, properties near a Sainsbury’s, Marks and Spencer, Tesco or Iceland also command the highest house price premiums - Sainsbury’s (£27,939), Marks and Spencer (£27,182), Tesco (£22,072) and Iceland (£20,034). (See Table 1) The lowest house price premiums are in areas with an Asda (£5,026), Lidl (£3,926) or Aldi store (£1,333). Mike Songer, Lloyds Bank Mortgage Director, commented: "Our findings back-up the so-called ‘Waitrose effect’. There is definitely a correlation between the price of your home and whether it’s close to a major supermarket or not. Our figures show that the amount added to the value of your home can be even greater if located next to a brand which is perceived as upmarket. -
October US SUBS Cover
LETTER FROM HAVANA THIRTY DAYS AS A CUBAN Pinching pesos and dropping pounds in Havana By Patrick Symmes In the fi rst two decades of my life was 219 pounds, the most I’d ever off nine pounds in the two months I don’t believe I ever went more weighed in my life. before my departure. Time and than nine hours without eating. In Cuba the average salary is $20 a again, as I prepared for this trip, hor- Later on I was subjected to longer month. Doctors might make $30; rified friends speculated on what bouts—in China in the 1980s, trav- many people make only $10. I decid- food I was gorging on, what special eling with insurgents in remote ar- ed to award myself the salary of a items I was rushing to consume. eas of Colombia and Nepal, crossing Cuban journalist: $15 a month, the Their operating assumption was that South America by motorcycle, deep- wages of an offi cial intellectual. I’d being deprived of some cherished ly broke—but I always returned always wanted to be an intellectual, item for thirty days was an unbear- home, feasted, ate whatever, when- and $15 was a substantial kick above able test. They were worried about ever, and put back on what weight the proles building brick walls or cut- ice cream. In my experience, no one I’d lost—and more. I’d undergone ting cane for $12, and almost twice who is hungry craves the usual trajectory of American the $8 paid to many retirees. -
Issue 1 Download Report
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Local Shop Report 2016
THE LOCAL SHOP REPORT 2016 A report by the Association of Convenience Stores #LocalShopReport CONTENTS ABOUT THE REPORT CONVENIENCE STORES - THE MODERN LOCAL SHOP About the report 2 The Local Shop Report 2016 marks the The value the convenience * About ACS 2 fifth edition of our report on the successful sector adds to the economy in That’s around of all UK RETAIL... ** The modern local shop 3 and diverse convenience sector in the Gross Value Added is just over...£5bn 6% Summary 4 UK. The report is the cornerstone of ACS’ Shops 6 research, providing detailed information The local shop is a long standing feature of UK communities, • Co-operatives – groups of stores that are owned by their Sales 8 about the stores that operate in the it is however constantly evolving and changing. customers, the biggest by far is The Co-operative Group, Investment 10 sector, the people they employ and the but there are a number of smaller co-operative societies The modern local shop has developed within the convenience operating convenience stores around the country; Features 12 communities that they serve. store format. It is typically characterised as follows: Jobs 14 • Multiples – chains of stores run from a head office • Open for long hours, usually seven days a week, and not (examples are McColl’s Retail Group, BP and Tesco Express); Entrepreneurs 16 In this year’s report, for the first time we subject to restrictions under the Sunday Trading Act. Communities 18 are exploring the investment decisions • Symbol groups – these are groups usually organised by a • Occupying a small store premises – usually smaller than wholesaler that are made up of independent businesses Customers 20 made by convenience store owners, 280 square metres or 3,000 square feet (see page 7).