Mults should focus on shopping experience, not price wars they can’t win
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.
All Sainsbury-Asda news and analysis
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