Sainsbury and Asda vow merger price cuts

The CMA said that if it did allow the merger to proceed, it could force the sale of a large number of stores or even one of the brand names.

In a robust statement, it criticised the CMA's threshold at which concerns were triggered. It said this was set at an"unprecedentedly low level", which, therefore, generated an unreasonably high number of areas of concern.To deliver £1bn of lower prices annually by the third year following completion of the merger. To invest £300m in the first year of the merger and a further £700m over the following two years, as the cost savings flow through.

Hope this doesn’t happen. These are my two local supermarkets and merging into one will mean the death of competition.

Mmmmmmm do I believe that !!!

Crap

BILLIONS of price cuts? I think not

It would be a good start if asda could provide its customers with the same product availability from its 'Home Shopping Centres' as it does from its stores. 'they do not actually stock a lot of these items' is a lousy excuse AsdaServiceTeam

Until the following week when they will again, reduce the size of everything and say it's on special so we don't notice.

at the expense of their suppliers no doubt. Keep consumer choice.

is this why asda have been putting their prices up so much recently; so they can declare price cuts post merger and give the appearance of good value?

I vow to be DG of the BBC in 10 years time.

👍👍

But a no deal Brexit will raise food prices. Something isnt right here 🤔🤔😂😂

How about a vow to sell plasticfree foods instead?

Easter egg time in the UK.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Supermarkets pledge £1bn price cuts in merger fightbackSainsbury's and Asda have pledged to deliver price cuts worth £1bn as they fight back against a competition ruling that has thrown their planned merger into jeopardy. Cost of food going up in a no deal Brexit? How will they achieve this then ? blowingthebloodydoorsoff wallop sainsburys fighting back. great news So this merger is all about saving consumers money and not them making bigger profits. Yeah ok then we believe you!
Source: SkyNews - 🏆 35. / 67 Read more »

Supermarkets pledge £1bn price cuts in merger fightbackSainsbury's and Asda have pledged to deliver price cuts worth £1bn as they fight back against a competition ruling that has thrown their planned merger into jeopardy. Cost of food going up in a no deal Brexit? How will they achieve this then ? blowingthebloodydoorsoff wallop sainsburys fighting back. great news So this merger is all about saving consumers money and not them making bigger profits. Yeah ok then we believe you!
Source: SkyNews - 🏆 35. / 67 Read more »