Grace's Guide

British Industrial History

Grace's Guide is the leading source of historical information on industry and manufacturing in Britain. This web publication contains 148,119 pages of information and 233,665 images on early companies, their products and the people who designed and built them.

Difference between revisions of "Gateway Corporation"

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1989 Gateway had about 400 stores when it received an unsolicited bid from [[Isosceles]], a financial group put together for the purpose. If successful Isosceles planned to sell the 62 larger stores to [[Asda]] and concentrate on the remainder<ref>The Times Apr. 24, 1989</ref>; eventually Isosceles succeeded in winning control<ref>The Times July 20, 1989</ref>
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1989 Gateway had about 400 stores when it received an unsolicited bid from [[Isosceles]], a financial group put together for the purpose. If successful Isosceles planned to sell the 62 larger supermarkets to [[Asda]] and concentrate on the remainder<ref>The Times Apr. 24, 1989</ref>; eventually Isosceles succeeded in winning control<ref>The Times July 20, 1989</ref>, sold the [[Medicare]] chain of chemists to [[Kingfisher]] and 60 larger stores to Asda; plans were being developed to sell the US Hermans chain; the larger of the remaining stores were being rebranded [[Somerfield|Somerfield Fine Fresh Foods]] <ref>The Times Jan. 17, 1990</ref>
  
 
==See Also==
 
==See Also==

Revision as of 15:18, 24 September 2021

1989 Gateway had about 400 stores when it received an unsolicited bid from Isosceles, a financial group put together for the purpose. If successful Isosceles planned to sell the 62 larger supermarkets to Asda and concentrate on the remainder[1]; eventually Isosceles succeeded in winning control[2], sold the Medicare chain of chemists to Kingfisher and 60 larger stores to Asda; plans were being developed to sell the US Hermans chain; the larger of the remaining stores were being rebranded Somerfield Fine Fresh Foods [3]

See Also

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Sources of Information

  1. The Times Apr. 24, 1989
  2. The Times July 20, 1989
  3. The Times Jan. 17, 1990