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24
July 2008

This Week

The Co-operative Group’s £1.56bn takeover of Somerfield last week gives the retailer added fire power in its battle for the high street pound. Now the pressure is on Co-op’s recently installed senior management to prove it can stage a comeback for the group, which was once the UK’s biggest grocer.

As Inbev sets to work digesting the blockbuster $52bn (£26bn) acquisition of Anheuser-Busch – the biggest deal in brewing – the industry lies in wait for the next round of consolidation.

Let’s go shopping to beat the credit crunch. No, that’s right, I’m suggesting that instead of all this belt-tightening malarkey, we throw caution to the wind and splurge. Let’s go crazy in the aisles, just in case we regret missing out on those Topshop jeans in later life.
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