Morrisons Seeks to Sell Myton Goods to Rival Supermarkets

Morrisons is in talks to sell goods produced by its Myton food manufacturing division to rival supermarkets. 17 billion in net debt. Myton operates 17 sites across Britain and supplies sweet and savoury pies, meat, fish, eggs and flowers to Morrisons stores. The unit already sells to independent retailers and is seeking larger supermarket customers.

6 billion in debt when Clayton, Dubilier & Rice acquired it in 2021. The company has since lost its place among Britain’s four largest supermarket groups. 8 per cent. The retailer has reduced head-office roles, placing 200 jobs at risk in Bradford in April after earlier cuts affecting 100 convenience-team employees.

A spokesman for Morrisons said: “Myton is an independent, high-quality food manufacturing business and has always served other customers as well as Morrisons. It has been growing this area of the business over recent years by attracting new customers in retail, food service and food manufacturing, to build a broader base for the business both in the UK and internationally.