Funnily enough...They took over some loss making properties which they hoped to rescue but the wonderful government changes just tipped the balance. Thanks Rachel.
"Morrisons has been struggling due to a severe combination of crushing debt from its 2021 private equity buyout, fierce competition from discount chains like Aldi and Lidl, and mounting operational costs"
"Crippling Debt Burden: Acquired by US private equity firm Clayton, Dubilier & Rice (CD&R) in a £7 billion leveraged buyout, the supermarket was saddled with massive debt. Servicing this debt generates hundreds of millions in interest, heavily dragging down profits and forcing aggressive cost-cutting"
So you as well fail to see the underlying problem due to your shared ignorant/warped ideology
It has to be noted that you also fail to answer why other supermarket chains are doing much better given that they all operate under the same market conditions...
But no surprise there!
