Sunday, May 6, 2018

John Lewis denies Waitrose takeover approach by Amazon

JLP chair rejects reports about tech giant’s attempt to initiate formal talks

John Lewis Partnership (JLP) has rejected reports it ruled out formal talks with Amazon after the tech giant had eyed Waitrose supermarkets as a takeover target last year.

According to a Sunday Times report, a senior executive from the US tech giant pushed for a formal meeting, but was blocked by JLP’s board.

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from Mergers and acquisitions | The Guardian https://ift.tt/2JXGAaq

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