Supermarket chain Morrisons is said to be considering selling up to £1 billion worth of stores in a bid to defend itself from potential private equity takeover approaches.
The Bradford-based group is reported to be in discussions with property tycoons Sol and Eddie Zakay over a 26-site deal in what would be Morrisons' first ever store sell-off, according to the Sunday Express.
The possible property deal comes as Morrisons chief executive Marc Bolland leads a group-wide overhaul which is set to see the traditional black and yellow logo updated and its advertising slogan of more than 30 years ditched.
The £450 million makeover was announced to freshen up its image. Morrisons was not available for comment.
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