BriefTea
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Explained in plain English
Morrisons is looking to sell some of its store properties to reduce its large debt. This doesn't necessarily mean your local store will close or change hands, as they would likely be sold to an investor and leased back to Morrisons. The aim is to free up cash, not to shut down stores.
Stories that explain this
Morrisons posts a £629m loss and sheds almost 5,000 jobs to cut costs