Proactive Investors - Morrisons has lowered the prices of more than 400 products days after it was revealed it was being sued by French giant Bouygues (EPA:BOUY).
Items such as cod fillets, mushy peas, fajita kits, kitchen roll, pet food and jaffa cakes have all seen their prices be slashed by the supermarket.
Any product cut in price will remain at that level for a minimum of eight weeks.
Morrisons’ announcement comes days after it was revealed Bouygues was looking to block the supermarket’s £2.5 billion sale of its petrol forecourt business.
Some 337 outlets and over 400 associated sites for electric vehicle chargers on Morrisons’ car parks were sold to Motor Fuel Group under the move.
Motor Fuel Group is owned by Clayton, Dubilier & Rice, the private equity owner of Morrisons.
Bouygues is suing Morrisons as it claims the supermarket has breached a contract it had with Equans EV Solutions, one of the French conglomerate’s subsidiaries.
Equans was given exclusive rights to install charging equipment in 273 Morrisons locations back in 2019.
However, Morrisons walked away from the deal weeks after it revealed plans to offload its petrol forecourt business.
Equans said it wasn’t told about the deal, having already installed charging equipment in 260 separate sites.
In a high court ruling, the company said Morrisons’ decision was “arbitrary, irrational and capricious.”
Morrisons argued that no valid contract existed between the two and that Equans had failed to meet target service levels on multiple occasions, leading to significant losses for which it hoped to be compensated.