Morrisons shows interest in Focus stores

MORRISONS might buy some Focus DIY stores after the struggling chain went bust, bosses revealed yesterday.

Debt-laden Focus has plunged into administration, raising fears for nearly 4,000 workers.

Morrisons’ finance chief, Richard Pennycook, said it could step-in to snap-up some of its 178 stores.

He told Your Money: “This is another in a sequence of potential prospects that we look at all the time.”

The move came as Morrisons announced a better than expected 2.5% rise in sales on the 13 weeks to May, helped by a weather and royal wedding boost.


Source : Graham Hiscott - The Mirror.co.uk
www.mirror.co.uk/news/city-news/2011/05/06/morrisons-shows-interest-in-focus-diy-stores-115875-23109865/