New supermarket giant would have 31.4% market share, compared with Tesco’s 27.6%
Sainsbury’s and Asda are in talks over a £10bn merger that would send shockwaves through the high street by creating a retailer more powerful than the current market leader Tesco.
A tie-up between the UK’s second and third largest supermarket chains would create a new group with huge shares of the market in food, clothing, household goods and toy retailing.
Related: Competition regulator likely to choke on Sainsbury's-Asda deal
Continue reading...from Mergers and acquisitions | The Guardian https://ift.tt/2Jwxamc
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