Home Business NewsBusiness The return of Safeway as Morrisons revives supermarket brand

The return of Safeway as Morrisons revives supermarket brand

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1st Aug 17 3:22 pm

Much loved brand backĀ 

Morrisons is resurrecting the Safeway supermarket brand thanks to a new partnership with convenience retailer McColls.

The announcement comes more than 13 years after the Yorkshire based supermarket giant acquired Safeway in a Ā£3bn deal in March 2004.

The partnership will see Morrisons exclusively supply McCollā€™s growing estate of 1,300 convenience stores, and 350 newsagents with both Safeway and branded products starting in January 2018.

Jonathan Miller, chief executive of McCollā€™s, said the partnership is a ā€˜defining momentā€™ for the company and builds on the ā€˜transformational dealā€™ made last year after they grew their estate by acquiring 298 Co-op stores.

He said: ā€œIn McCollā€™s, Morrisons gain a long-term partner of significant scale with a growing neighbourhood convenience estate, and in Morrisons we gain access to their best-in-class sourcing and manufacturing capabilities.ā€

ā€œThis will enable us to provide our customers with the highest quality fresh food through the relaunch of the much loved and trusted Safeway brand,ā€ he added.

Morrisons chief executive David Potts said: ā€œWe are also pleased to be reviving the Safeway brand which we know customers will enjoy.ā€

He added: ā€œWholesale supply will help make us a broader, stronger business.ā€

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