The merger between Sainsbury’s and Asda had been thrown into doubt after the competition watchdog raised consumer-based concerns, including higher prices and reduced quality and choice for customers. A provisional verdict on the merger, the CMA said it had found “extensive competition concerns”. In a statement the CMA said the merger would create a “substantial lessening of competition at both a national and local level”.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sainsbury's and Asda offer to sell off up to 150 stores in merger bidSainsbury's and Asda have offered to sell up to 150 stores in an attempt to address concerns raised by competition authorities over their planned merger. Shouldn't happen, the merger I mean. Who will be the biggest share holder ? Because if it's sainsburys everybody will need to remortage their houses to shop in them Sainsda?
Source: SkyNews - 🏆 35. / 67 Read more »
Sainsbury and Asda vow merger price cutsThe retail giants tell the competition watchdog a merger would mean shoppers save 10% on everyday items. Easter egg time in the UK. But a no deal Brexit will raise food prices. Something isnt right here 🤔🤔😂😂
Source: BBCNews - 🏆 3. / 97 Read more »
Sainsbury's and Asda promise £1bn of price cuts if merger is approvedReductions on everyday items of 10% promised by supermarket giants, as they plead to get deal over the line Asda price cuts are a scam, whilst you might save, someone else will end up having to pay.
Source: The Independent - 🏆 80. / 59 Read more »