Counter-hostility as defensive strategy in a hostile takeover
The acquisition of Hillards supermarket chain by Tesco
Datos Bibliográficos
| ID | 6043738 |
|---|---|
| Autores | Philip Garnett (0000-0001-6651-0220, School for Business and Society, University of York, autor de correspondencia), Simon Mollan (0000-0002-8448-1336, School for Business and Society, University of York), Benjamin Richards (0000-0002-2380-9297, Stirling Management School) |
| Año | 2025 |
| Volumen | 67 |
| Número | 5 |
| Páginas | 1247-1269 |
| Fecha de publicación | 2025-07-04 |
| Peer Reviewed | Sí |
| Open Access | Sí |
| Tipo | ARTICLE |
| Revista | Business History (JOURNAL) |
| Identificadores de la revista | ISSN: 0007-6791 • E-ISSN: 1743-7938 |
| Editorial | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/00076791.2024.2321918 |
| OpenAlex | W4393044804 |
| Idioma | EN |
| Referencias citadas | 44 |
Hillards was a retail supermarket firm based in Yorkshire in the North of England between 1885 and 1987, when it was subject to a hostile takeover from Tesco. Using archival and interview data this article explores how Hillards pursued a sensemaking process to engage in a strategy of counter-hostility to the takeover attempt. Ultimately the firm was acquired by Tesco. By examining Hillards' defence strategy, this paper contributes to the understanding of the nature of strategy-making within a takeover. The article shows how in defeat Hillards was able to secure a partial victory in the form of a substantially increased cost of acquisition, so maximising shareholder value. This contributes to the history of the supermarket sector, and the history of family firms in the UK
Advertising · Business · Chain (unit) · Hostility · Cooperative Studies and Economics · Corporate Finance and Governance · Family Business Performance and Succession · Marketing · Psychology · Social Psychology
Sensemaking in organizations
Conceptualizing Historical Organization Studies
Of strategies, deliberate and emergent
We're Changing—Or Are We? Untangling the Role of Progressive, Regressive, and Stability Narratives During Strategic Change Implementation
Research Strategies for Organizational History
Case Study Research
Building Theories from Case Study Research
Organizing and the Process of Sensemaking
The limits of the narratives of strategy
Document Analysis as a Qualitative Research Method
Emotion, succession, and the family firm
Cadbury and the rise of the supermarket
Format development and retail change
Dynamic capabilities in a sixth-generation family firm
Selling Self-Service and the Supermarket
Long-term perspectives on family business
Family business and business history
Decision-making authority in British supermarket chains
Rethinking history and memory in organization studies
The silence of the archives
Promoting Retail Innovation
The financialization of the American economy
Is the 'Golden Age' of British Grocery Retailing at a Watershed
Further Reflections on the Golden Age in British Multiple Retailing 1976-94
Explaining the Growth of British Multiple Retailing during the Golden Age
Theorizing financialization
Maximizing shareholder value
From shareholder value to present-day capitalism
| Velocidad de citación | historical |
|---|---|
| Altamente citado | No |