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If you are not already a client of Morrison & Foerster, do not include any confidential information in this message. (Sharecast News) - Logistics provider Eddie Stobart has been appointed by British supermarket group WM Morrison to provide transportation services from two of its distribution centres.Stobart's new deal, announced on Friday by the group's indirectly owned associated GreenWhiteStar Acquisitions, was for three years and will see the business manage all transport planning and deliveries of chilled and ambient groceries from the locations to Morrisons' network of supermarkets.The firm highlighted that the contract was additional to the work that Eddie Stobart currently carries out on behalf of Morrisons.Chairman William Stobart said: "This further enhances our existing relationship with Morrisons and is testament to our current performance. This website uses cookies. You can learn more about cookies by visiting our,CEO David Potts said the price cuts on 400 products were “here to stay”.Morrisons has become the latest food retailer to slash prices across hundreds of products as competition ramps up among the supermarkets to retain footfall amid the economic aftermath of the coronavirus outbreak.CEO David Potts said that with fears growing of a sustained recession caused by the outbreak, its price cuts, covering 400 products, were “here to stay”.The retailer has reduced the price of a range of products including fruit & veg, meat and poultry, bread and cereals, rice and pasta and household products, by an average of 23%, from today. The newly formed venture, which is named Tencent Trusted Doctors, will offer an ecosystem of both online and offline services devoted to leveraging Internet technology to provide high-quality and accessible healthcare service to customers all over the country.Unsolicited e-mails and information sent to Morrison & Foerster will not be considered confidential, may be disclosed to others pursuant to our Privacy Policy, may not receive a response, and do not create an attorney-client relationship with Morrison & Foerster.
Morrisons has agreed on a deal to acquire Lansen Nursery, a leading supplier of outdoor plants. That has since seen the prices of hundreds of own label and branded products cut by Tesco as well as the extension of its Aldi Price Match scheme.Last week Asda announced thousands of its products would see price cuts as part of a £100m investment in prices, which also saw the return of its ‘pocket tap’ TV ads.Potts, who will present Morrisons’ interim results on Thursday, said its lower prices were intended to help families returning to work and those whose children were going back to school, amid bleak financial forecasts and lack of consumer confidence.“It’s been a tough year for many families who find themselves stretched,” he said.He added: “Morrisons has been listening carefully to customers who have said that budgeting and value for money have become more important since the Covid-19 pandemic started. Ltd. in its US$11.64 billion privatization, the largest-ever private equity buyout of an Asian company by enterprise value.Represented SoftBank in numerous significant investments, including in its US$9.6 billion investment in Xiaoju Kuaizhi Inc. (DiDi); its US$7.7 billion primary and secondary investment as part of a US$9.3 billion sale of stock by Uber; and the US$6 billion investment into WeWork Companies Inc. (rebranded as The We Company).Represented Renesas Electronics Corporation in its US$6.7 billion acquisition of NASDAQ-listed Integrated Device Technology (IDT), a market-leading analog mixed-signal company, to create market-leading embedded solution capabilities.Represented EdR, one of the nation’s largest developers, owners, and managers of high-quality collegiate housing communities, in its US$4.6 billion all-cash sale to a newly formed perpetual life vehicle led by an affiliate of Greystar Real Estate Partners.Represented Yahoo Japan Corporation in its $3.7 billion tender offer for a majority interest in ZOZO, Inc., a Japanese E-commerce company that operates Internet shopping websites including ZOZOTOWN, a leading online fashion retailer in Japan.Represented FUJIFILM Holdings Corporation and Fuji Xerox Co., Ltd. (FX), a 75%‑25% joint venture between Fujifilm and Xerox Corporation, in connection with Fujifilm’s acquisition of Xerox’s 25% stake in FX for an aggregate purchase price of $2.3 billion.Represented VMware, Inc. on its $2.3 billion acquisition of cybersecurity company Carbon Black, marking VMware’s first acquisition of another public company.Represented Taisho Pharmaceutical in the purchase of French-based pharmaceutical manufacturer UPSA from Bristol-Myers Squibb for $1.6 billion, including the transfer and licensing of trademarks, marketing authorizations, and other intellectual property.Represented Alibaba in its acquisition of a 33% equity interest in Ant Financial, China’s leading financial services company. Hargreaves Lansdown is not responsible for an article's content and its accuracy. Morrisons today announces it has acquired Chippindale Foods, a leading supplier of free range eggs.The acquisition means that Morrisons will make even more of its own fresh food and become more competitive for customers on these important everyday products.
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