When Sainsbury's and Asda announced plans for their blockbuster merger just over a year ago, every analyst in the City warned they would have trouble getting the deal past the Competition & Markets Authority.Mike Coupe, the Sainsbury's chief executive and the key architect of the merger, had three key arguments that he hoped would win the day.should the merger go through.
Both Sainsbury's and Asda also pointed out that, since competition regulators last studied the narrower UK grocery market in detail, the complexion of that sector had changed considerably with the German budget retailers Aldi and Lidl grabbing a combined 14% share. Much of that has come at the expense of Asda and Sainsbury's.It had, he noted, just allowed the merger of bookmakers Ladbrokes and Coral - cutting the number of big high street bookies from four to three.
The enlarged business would have been the UK's biggest fuel retailer and, with Asda currently being one of the most aggressive competitors on price in the field, the CMA had fears competition would have been eroded. As for Mr Coupe's third argument, that appears to have fallen on deaf ears, with Sainsbury's and Asda overlooking that the CMA is now under new leadership, in the shape of Andrew Tyrie, the prickly former chairman of the Commons Treasury Select Committee.
Some investors will also inevitably call for Mr Coupe, as the key driving force behind the deal, to go. He added:"Where was the arm around the [chief executive's] shoulder to say that it appears the game is up and maybe we should be focusing upon the day job, as our share demonstrably lags the whole market and not just the Big Four; never mind critically assessing a quite calamitous financial performance from Sainsbury Bank?"
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Why would amazon be interested? Did you just add their name for keyword spamming or something?
Remember some 30 years ago I wrote to the then head of Sainsburys, as they were No. 1 then, with a Plan for them to expand with smaller outlets, now Sainsburys Local, or Tesco Express as they are now. They said it would NEVER work & sent me a 10-page report on why. Was I wrong?
This is very bad news for sainsburys They are in deep trouble.
If the door is already open why the fuck would they knock
Amazon in cahoots with Wal-Mart ! Wouldn’t work for same reasons surely !
Eye vs sound the results of the larger eye do not bother the country
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Competition watchdog blocks Sainsburys and Asda merger - business liveRolling coverage of the latest economic and financial news Thank goodness for this decision for us Joe/Jo public! There proposed merged name ‘ ‘AsdaBury’ was also never going to be a popular one was it... Sainsbury’s can do better ...
Источник: The Guardian - 🏆 84. / 53 Прочитайте больше »
Sainsbury's-Asda merger blocked by competition watchdogCompetition and Markets Authority says UK shoppers and motorists would be worse off I guess you're not in the money Mike Coupe hahaha
Источник: The Guardian - 🏆 84. / 53 Прочитайте больше »
Sainsbury’s £12billion merger with Asda blocked over fears it will drive up prices for shoppersA TIE-UP between Asda and Sainsbury’s has been blocked at the final hurdle amid fears it will push up prices for shoppers. The Competition and Markets Authority (CMA) warns that a merger woul… torys hate poor humans no bus shelters in east devon for poor but bus shelters and seats for rich ,east devon evil no prices fall mrs may evil Disgrace!
Источник: TheSun - 🏆 64. / 61 Прочитайте больше »
Sainsbury's-Asda merger blockedA merger between the supermarkets would be bad for consumers, says UK competition watchdog. Sansa Bury just put you on her list 🤣 Good news as prices would have gone up had Sainsbury’s got their way! Sainsbury’s = high prices but average quality at best 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.....
Источник: BBCNews - 🏆 3. / 97 Прочитайте больше »
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.
Источник: SkyNews - 🏆 35. / 67 Прочитайте больше »
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
Источник: The Telegraph - 🏆 41. / 63 Прочитайте больше »
Sainsbury's Asda merger BLOCKED: Competitions authority stop £12BN supermarket dealSAINSBURY'S £12billion merger with supermarket Asda has been blocked by the Competition and Markets Authority (CMA).
Источник: Daily Express - 🏆 26. / 68 Прочитайте больше »