Sainsbury's-Asda merger blocked

The proposed merger between Sainsbury's and Asda has been blocked by the UK's competition watchdog.

The CMA said it wanted to"protect the millions of people who shop at Sainsbury's and Asda every week".The supermarket's chief executive, Mike Coupe, said:"The CMA's conclusion that we would increase prices post-merger ignores the dynamic and highly competitive nature of the UK grocery market.The deal would have created the UK's biggest supermarket chain, accounting for £1 in every £3 spent on groceries.

But the CMA, which had previously raised concerns about the deal, said the merger would lessen competition at both a national and local level.

Was looking forward to going to Sadsburias. :(

But they were happy for Tesco to buy Bookers who supply alot of small indipendent stores!?

interesting.. climate for change isn't quite right at the moment. they will try again later

Great

Doesn't surprise me.

That will upset the shareholders. Good for customers though.

Katrina484568 Good no Walmart takeover !!

If prices went up then sales go down why would 2 proven businesses do that they would have to be competitive sure this is political

Sounds like a good decision.

This guy will be gutted...

Do nobody to fight the German pair then, let's hope sainsbury's and Asda's start shutting stores and putting 1000's out of work.

Surely the logic of this decision should lead to a forced split of Tesco into two competing supermarkets? Tescome and Tesgo anyone? Or how about Tessco and Claudiaco? It's early and I'm bored.....

Good news as prices would have gone up had Sainsbury’s got their way! Sainsbury’s = high prices but average quality at best

Sansa Bury just put you on her list 🤣

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Sainsbury's/Asda mega merger is formally blocked by CMARegulators cast aside assurances from the pair over the tie-up, ruling it would lead to a series of increased prices for shoppers. Great news, this would have been a disaster for suppliers. 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. 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.
Fonte: SkyNews - 🏆 35. / 67 Leggi di più »

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
Fonte: The Telegraph - 🏆 41. / 63 Leggi di più »