LONDON, July 14 British grocer Morrisons
said on Monday it had sold its children and baby products
business, Kiddicare, to private equity firm Endless for 2
million pounds ($3.40 million).
The country's fourth largest supermarket group said it would
retain the liabilities relating to 10 Kiddicare store leases but
was confident the 163 million pounds provision it announced in
March would cover all costs associated with its
Alongside issuing a huge profit warning in March, Morrisons
said it planned to dispose of Kiddicare as it no longer had a
strategic role within the group.
($1 = 0.5877 British Pounds)
(Reporting by James Davey; Editing by Neil Maidment)