Somerfield (UK Retailer)

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Topic: Somerfield (UK Retailer)

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In the News (Fri 25 Dec 09)

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	The Observer Business Safeway's end means price blitz
		It recently lost its position as Britain's second-largest supermarket retailer to Asda, and saw its bid to buy 171 stores from Somerfield referred to the Competition Commission.
		But assuming Morrison and Safeway can agree a new deal in the wake of the CC report, one consequence, according to analysts, will be a fall in food prices of about 10 per cent over the next few years.
		The demise of Safeway will accelerate a quiet revolution on Britain's high streets that should be good news for consumers but lead to even more ferocious competition among supermarket giants.
	observer.guardian.co.uk /business/story/0,6903,1051021,00.html (798 words)

	Regulator rules Somerfield purchase anti-competitive
		It looks likely that Somerfield might be forced by the UK's competition regulator to sell 14 of the 100 former Safeway stores it purchased from Wm Morrison, a move that might provide a modicum of relief to food processors under pressure from retailer buying power.
		Somerfield and other interested parties have until 16 August to respond to the Commission's findings before it issues a final decision.
		In April Somerfield announced that a consortium made up of investment firms had made a bid for the company, valuing the group at about £1.1bn.
	www.foodanddrinkeurope.com /news/news-ng.asp?n=61555-regulator-rules-somerfield (798 words)

	BBC NEWS Business Somerfield in £1bn takeover bid
		If Baugur is successful with its bid, it will become the fifth biggest food retailer in the UK with a share of about 7.6%, behind Morrison, which bought Safeway in 2003.
		Somerfield has a pension fund deficit of nearly £79m and the funding of the scheme will need to be addressed before any offer is finalised.
		Somerfield, which operates 700 Somerfield stores about 500 Kwik Save sites, has also faced pressure from price-cutting by the two market leaders.
	news.bbc.co.uk /1/hi/business/4249897.stm (798 words)

	Mosaic Software Press Release
		Together, Somerfield and Kwik Save stores have a 6.3% share of the total UK groceries market.
		Somerfield will use Mosaic Software’s Postilion to deliver Chip and PIN transaction switching functionality across the 1,275 Somerfield and Kwik Save stores in the UK.
		Postilion will run on Stratus fault-tolerant servers, which provide better than 99.999% uptime, ensuring maximum availability of the retailer’s payment processing services.
	www.mosaicsoftware.com /download/pressreleases/PressRelease57.asp (315 words)

	Encyclopedia: Shanklin
		Jump to: navigation, search Somerfield is a high street food retailer in the United Kingdom operating as Somerfield Stores Ltd....
		Jump to: navigation, search Royal motto (French): Dieu et mon droit (Translated: God and my right) Englands location within the UK Official language English de facto Capital London de facto Largest city London Area - Total Ranked 1st UK 130,395 kmÂ² Population- Total (mid-2004) - Density Ranked 1st UK...
		Shanklin is a popular seaside resort on the Isle of Wight, England, just south of Sandown on the south-east coast.
	www.nationmaster.com /encyclopedia/Shanklin (828 words)

	Datamonitor - Kwik Save managing director resigns - News
		The managing director of UK grocery retailer Kwik Save, Robin Whitbread, has resigned, its owner, Somerfield, said in a statement.
		She will take on responsibility for Kwik Save Retail Operations, in addition to her current role as director of Somerfield Stores and Retail Services.
		Somerfield has appointed Katie Bickerstaffe as group retail director.
	www.datamonitor.com /~d4ca39c428e24a2ba802318c525470be~/industries/news/article/?pid=85ACA313-8130-4E34-AEAB-A00F5F732BAF&type=NewsWire (205 words)

	Hamleys
		ICELANDIC retailer Baugur, owner of UK assets including Hamleys toy shops, has withdrawn from a group bidding for supermarket operator Somerfield after its chief executive was charged with suspected fraud.
		DISAPPOINTMENT at Icelandic retailer Baugur's failure to land Somerfield was eased yesterday by news of a potential £30m profit on its stake.
		Hamleys of London are the finest purveyors of toys in the world and the magic continues here online...
	www.educational-toy-help.com /resources2/3/hamleys.html (205 words)

	Supermarkets in the United Kingdom - Wikipedia, the free encyclopedia
		Marks and Spencer and Waitrose are the most upmarket national supermarket chains (although the former is also the UK's largest clothing retailer, and is often not perceived as a supermarket at all).
		Somerfield is the fifth largest United Kingdom food retailer, but it does not operate superstores.
		The UK supermarket sector is dominated by Tesco, ASDA, Morrisons, and Sainsbury's, which are the only chains which operate full-scale superstores of 40,000 square feet (3,700 m²) or more.
	en.wikipedia.org /wiki/Supermarkets_in_the_United_Kingdom (588 words)

	GVC Contest Overview: Judging
		HMV Group operates over 500 retail stores trading as HMV, the world’s largest music and video retailer, and Waterstone&, the largest bookseller in the UK.
		He is a non-executive director of Somerfield plc, Britain’s fifth largest food retailer.
		Alan Giles serves as CEO, HMV Group plc.
	www.gsbi.org /gvc/GVC03/contest/2A_1.html (588 words)

	Guardian Somerfield sheds Kwik Save brand - and staff - in Scotland
		Somerfield- the UK's sixth largest supermarket chain - has had problems with the Kwik Save chain since it bought the business in 1998.
		The Kwik Save supermarket chain is to disappear in Scotland after owner, Somerfield, said it was ditching the fascia north of the border.
		Somerfield said it was committed to the Kwik Save brand in England and to maintaining its presence in Scotland.
	www.guardian.co.uk /print/0,3858,4917521-103676,00.html (331 words)

	More names emerge in Londis race
		The Co-operative Group, the UK’s biggest convenience store operator after a number of acquisitions last year, including that of Alldays, is said to be interested in Londis, as is Somerfield, the supermarket group which also owns discounter Kwik Save, and family-owned retailer Bestway, according to the FT report.
		There is also still speculation that Nisa-Today’s, another symbol group, and convenience store operator Spar are about to throw their hats into the ring, while the paper also reports that at least one private individual, already associated with Londis, is thought to be considering bidding.
		Musgrave, the Irish group which last month made a recommended bid for the chain, is still in contention, as is the Big Food Group whose rival — and, it could be argued, fairer — bid sparked off the whole takeover battle.
	www.foodnavigator.com /news/printNewsBis.asp?id=48821 (331 words)

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Topic: Somerfield (UK Retailer)

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