Archive of all Competition and Markets Authority articles – Page 14
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NewsIssa brothers to sell 27 forecourts and clinch Asda takeover deal
The CMA had raised concerns over possible fuel price hikes in areas where both Asda and EG operate
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Comment & OpinionLeon acquisition is surely no replica of Tesco’s doomed Giraffe strategy
Experts are clear the restaurants are unlikely to be planted in too many Asdas, if any
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NewsIssa brothers ‘willing to sell forecourts’ to seal Asda takeover deal
This week the CMA gave the EG Group owners and private equity firm TDR Capital five days to offer “binding proposals” to tackle its concerns
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Analysis & FeaturesHow does Leon fit into Zubin and Mohser Issa’s master plan?
The restaurant brand suits forecourts but not Asda, say analysts
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NewsMedia Bites 21 April: Asda, Tobacco, ABF/Primark
The £6.8bn takeover of Asda could lead to higher fuel prices in some parts of the UK, the UK competition watchdog has warned
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NewsCMA finds Issa brothers’ £6.8bn Asda deal could hike petrol prices
Watchdog has given the brothers and private equity firm TDR Capital five days to offer “binding proposals” to tackle its concerns
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NewsCity snapshot: EG Group swoop for Leon
Petrol forecourt giant EG Group has swooped for restaurant chain Leon as it seeks to grow its non-fuel offering and expand the foodservice operation into healthy fast food. Plus, C&C subsidiary Matthew Clark Bibendum hit by cyber-security incident.
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Comment & OpinionWhat does the CMA merger block mean for Seedrs and Crowdcube?
It’s hard to argue with the competition watchdog’s contention that a tie-up of the crowdfunding platforms would have lessened competition
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NewsAsda appoints chief information officer to oversee Walmart separation
Carl Dawson will join the retailer next month having held the same role at M&S for the past six years
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NewsDeal watchdog blocks Crowdcube and Seedrs merger over competition concerns
Following an in-depth phase 2 investigation, the Competition and Markets Authority (CMA) concluded in its provisional decision that the deal would reduce competition and innovation.
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InterviewsRoger Burnley big interview: the outgoing Asda CEO on five years ‘spinning two plates’
Roger Burnley’s tenure at the helm of Asda has been full of distraction and change. So as he prepares to step down, what does he think his legacy will be?
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NewsRoger Burnley: running Asda during Covid and takeover like ‘spinning two plates at once’
The Asda CEO announced yesterday he would be standing down next year
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NewsMedia Bites 5 March: Deliveroo, Whisky, Amazon Fresh
Deliveroo has pressed the start button on a listing on the London Stock Exchange that is expected to value the loss-making food delivery business at more than $7bn
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NewsMedina and Freshways confirm merger talks underway
The milk processors said they were discussing whether a potential merger could create the basis for ‘a viable long-term business’
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NewsMedia Bites 22 Feb: Caffè Nero, John Lewis Partnership, Business rates
The billionaire owners of Asda are trying to launch an audacious raid on Caffè Nero by buying part of its £350m debt pile
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NewsAsda sales up 6.9% over Christmas in last Walmart era results
CEO Roger Burnley cites ‘strong growth’ in online as the standout factor
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NewsIssa brothers ‘complete’ Asda takeover deal
The deal is still dependent on receiving the go-ahead from the Competition & Markets Authority
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NewsCMA gives Diageo the green light to complete Chase acquisition
UK regulators have cleared Diageo’s acquisition of Chase Distillery after concluding the deal will not result in a “substantial lessening of competition”.
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NewsCity snapshot: EG Group to buy Asda forecourts for £750m
The Issa brothers and TDR capital have announced a financing package to underpin their £6.8bn acquisition of Asda from Walmart, which includes plans to sell the supermarket’s forecourts business and certain distribution assets. Plus, Jeff Bezos to step down at Amazon and all the rest of the latest news from the City.
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NewsOops opens larger third store as property team seeks new sites
The latest store, in St Helens, is about 10,000 sq ft, twice the size of each of the first two branches