Tesco (TSCO:LSE) has introduced a special fresh offer that saves 25% for a limited period of time. After the strongest demand for fruit and vegetables in more than 20 years, Tesco has lowered the price of its summer fruit lines. Tesco has announced the debut of a supermarket buy on fruit, as well as more heavily discounted fresh produce than ever before. The discount is only available at the grocery store for 3 weeks. All berries, most stone fruit and grapes are included in the deal which saves buyers 25% if they buy 2 types of fruit.
UK online supermarket sales fall for the first time. Reuters reports: “online grocery sales in the UK dropped 2.6% y/y in the 4 weeks to 11 July, the first ever drop, as the British returned to physical stores, workplaces and restaurants, according to market researcher Kantar. The number of people who chose to shop online decreased by 81,000 in that period compared to the same four weeks last year. The value of the digital shopping baskets decreased by 8%.
Prospect of bidding war on Morrisons (MRW) declines. The prospect of a bidding war for British supermarket Morrisons has diminished due to the withdrawal of a potential candidate. The American Investment Company Apollo, which was considering making an offer, has now changed its mind. Instead, it wants to join forces with another consortium, whose takeover bid of € 7.3 billion has already been accepted. Earlier this month, Morrisons agreed to a bid from another American group led by the owner of Majestic Wine. The bid, led by the U.S. private equity firm Fortress Investment Group, which has yet to be approved by the shareholders.