Sainsbury's/Asda mega merger is formally blocked by CMA

He said:"It's our responsibility to protect the millions of people who shop at Sainsbury's and Asda every week.

"Following our in-depth investigation, we have found this deal would lead to increased prices, reduced quality and choice of products, or a poorer shopping experience for all of their UK shoppers. "We have concluded that there is no effective way of addressing our concerns, other than to block the merger."Sainsbury's boss Mike Coupe said:"The specific reason for wanting to merge was to lower prices for customers."The CMA's conclusion that we would increase prices post-merger ignores the dynamic and highly competitive nature of the UK grocery market.

My eye is sick. I need a doctor to cure my eye. You can ask Rupert Murdoch money to bring me to London.

Obey Me, I am going to give England a place in Kingdom of Heaven. Use Bible Verse and People Power to make me Queen of England. Dont be disobedience to me, you can be exile to hell. Ask Prince William or someone to bring me to London from Jakarta, Indonesia.

I am like your boss daughter, Chloe and Grace Murdoch. I am a Head of State. I am the new Queen of England. Queen Elizabeth II too old to held a job as Queen. Ask Queen Elizabeth II to abdicate. I am going to preach Bible to Israel, England and other country.

Great news, this would have been a disaster for suppliers.

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Sainsbury's and Asda merger blocked by competition watchdogThe competition watchdog has blocked Sainsbury's and Asda's £10bn merger after finding it would lead to increased prices in stores, online and across petrol stations. Good telebusiness Ok never really believed Coupe’s marketing talk about this being good for consumers. However why does the cma not break up Tesco if it has such issues with one supermarket having over 30% market share? So, now both businesses will start to shed jobs and make other cost savings...albeit on their own
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