Sainsbury’s

Sainsbury and Asda, the two UK retail giants, have announced they have decided to call off their proposed merger after the move was blocked by the UK’s competition watchdog. The BBC reports that the Competition and Markets Authority was concerned the deal would lead to price rises and longer checkout queues. Asda and Sainsbury announced their intention to merge almost exactly a year ago, in a move that would have …

Supermarket chains Sainsbury’s and Asda, the 2nd and 3rd leading players in UK grocery retail respectively, have announced that they have reached an agreement to merge the two business in a deal that is set to shake up the UK supermarket sector. “The Combined Business will create a dynamic new player in UK retail with an outstanding breadth of products, delivered through multiple channels”, the two firms said in a statement. The …