Quote:
Originally Posted by peanut
I thought the ones that bought ASDA thought they'd make a huge profit out of it. Obviously not worked out for them. I thought Morrisons were struggling more so. Their own range (Morrisons) used be okay but now the quality has really dropped and most of it is now crap. Between them both, both of their own ranges seemed to have cut way too many corners and the quality isn't just there anymore.
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They'll only make money when they sell the business to someone else or float it on the stock exchange. The current owners of Asda borrowed a lot of money to acquire the business and that's where any profits from the shops are going.
Morrisons is in the same situation.
In the meantime, the competitors of Asda and Morrisons are thriving as they've been able to invest in their businesses.
https://www.grocerygazette.co.uk/202...da-slips-back/