Earlier this month, Asda owner Walmart announced it was exploring plans to float the retailer
The embattled CEO insisted the future is bright for Sainsbury’s and this week vowed to stay for “months and years”
The news that it will be investing to enhance 400 of its supermarkets is more than welcome says Bryan Roberts, global insights director at Tcc global
Sainsbury’s collapsed merger with Asda cost it £46m in the year to 9 March, contributing to one-off costs that drove a 41% reduction in pre-tax profits to £239m.
The back to basics shopper focus approach takes time and focus, says David Sables
What next for Coupe and Burnley as CMA throws out Sainsbury’s-Asda merger
The final report, issued on Thursday, concluded the merger would lead to rising prices and reduced quality for UK shoppers
The papers look at the ramifications of the collapse of the £12bn Saisbury/Asda merger and what is next for the two supermarkets and their management teams.
The CMA’s findings make grim reading for large companies considering M&A activity
Here’s what the experts have to say about the collapse of the proposed Sainsbury’s/Asda merger
Sainsbury’s shares have hit a new year-long low on the news that the UK Competition & Markets Authority has blocked its mega-merger with big four contemporary Asda.
Sainsbury’s and Asda have abandoned their plans for a merger after a crushing final report by the competition authorities today concluded the plans would lead to rising prices and reduced quality for shoppers across the UK.
The Competition and Markets Authority will read the last rites for the proposed Sainsbury’s/Asda merger on 25 April, writes The FT.
The CMA’s threshold for intervention has potentially far-reaching consequences, says Mat Hughes, a partner at AlixPartners
Details emerged after the Competition & Markets Authority published the responses to its provisional findings, which came out last month and have left the chances of the deal going ahead dangling by a thread
The supermarkets are also claiming the CMA has made a litany of mistakes in its handling of the probe so far
Sainsbury’s and Asda on Tuesday said they would deliver £1bn worth of lower prices within three years if they are allowed to merge
Sainsbury’s and Asda have promised to put £1bn back into shoppers’ pockets – but with Brexit and other inflationary pressures on the horizon, is their attention in the right place?
Retailers have outlined supermarket and petrol forecourt divestments across both brands
The retailers will argue Tesco’s decision to scrap its counters at nearly 100 stores affects the CMA’s findings on the mer…