Morrisons Agrees Sale And Leaseback Deal To Fund Store Development Plans

Morrisons supermarkets was bought in Oct 2021 by a private equity company, who are starting to make back their purchase price. It’s fair to say that most of the big chains in the UK lease their stores, even if they funded the original development

(John Lewis Partnership/Waitrose I think tends to own if they can but they have different goals due to unique ownership structure–perpetual trust controlled by employee trustees with the trust paying a share of profits to current employees annually).

PE is interested in revenues - not surprised to see this from Morrisons. Retail is hard