Retail experts predict ‘Herculean task’ will prompt colossal change if blockbuster deal goes ahead
Retro 90s fashion is a huge trend on the high street at the moment but that nostalgia has now spilled over into food retail as the supermarket giant Sainsbury’s attempts a blockbuster deal that will result in it seizing back the UK grocery crown it surrendered to Tesco in 1995.
The UK’s second-largest retailer has confirmed plans to merge with its nearest rival Asda in a £15bn deal that will create a mega grocer with more than £50bn sales and 2,800 stores. The details of the merger will be spelled out in a stock exchange announcement on Monday morning but analysts have already spent the weekend crunching the numbers after the news leaked out on a grey Saturday afternoon.
Related: Sainsbury's and Asda in shock talks over £10bn merger deal
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