Morrisons to sell off local convenience stores?

17 August 2015 - Janet Bird

Morrisons to sell off local convenience stores?

Speculation is growing that Morrisons is poised to sell off its convenience stores.

The prospective buyer is mooted to be investment firm Greybull Capital, although both Morrisons and Greybull have declined to comment on the matter.

The Sunday Telegraph was the first to report on a possible deal to sell off around 150 'M Local' stores.

Morrisons opened its first convenience stores in 2011, but new chief executive David Potts is believed to be keen to refocus the company on its more than 500 core supermarkets.

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