New Morrisons boss to draw up plans to ‘reinvigorate’ supermarket chain

The boss of Morrisons has said the firm is developing plans to “reinvigorate, refresh and strengthen” the supermarket group as it revealed a rise in sales.
The debt-laden company, which is the UK’s fifth largest supermarket group, has witnessed a challenging two years since being taken over by a US private equity firm in a £7bn deal. Morrisons has seen its share of the UK grocery market decline over the period as cash-strapped shoppers have increasingly moved towards discounter rivals, with Aldi overtaking Morrisons as the UK’s fourth biggest grocer as a result.
Rami Baitieh, who was appointed chief execu …