There will be no merger of Asda and Sainsbury’s, after the Competition and Markets Authority vetoed the move. The chains will not appeal, so the merger is definitively off the cards.
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Sainsbury’s and Asda, two British supermarket chains hoping for a merger, have promised to lower their prices and limit their margins if that makes their partnership possible. This is their response to the competition watchdog's opposition to the deal.
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American investment firm KKR is considering making a bid on Walmart's British subsidiary Asda, now that the merger between Asda and Sainsbury's is beginning to look very unlikely.
Just two days after rumours about a possible merger between British department store chains Asda and Sainsbury’s surfaced, the news broke that the deal has been finalized. The group will become the largest in the United Kingdom, replacing Tesco.
British supermarket chain Sainsbury’s is happy with its first six months’ result: turnover grew 17 % but its profit dropped 10 %. Subsidiary chain Argos generated most of the additional turnover.
British retailer Sainsbury’s has performed very well in its first quarter, with a 2.3 % like-for-like turnover growth - thereby “outperforming the market” in merchandise and clothing.
HelloFresh meal boxes were only available online, with several pop-up store exceptions, but now the company entered an agreement with supermarket chain Sainsbury’s. Soon, its meal boxes will be sold in Sainsbury’s’ entire store network.
British chain Sainsbury’s has launched a new ad campaign which changes its images depending on the weather. This will give commuters an ad that always features clothing fitting the weather at that time.
British supermarket chain Sainsbury’s hopes to make customers aware of their food-wasting habits with an app that advises them how to cook and shop. British households waste up to 7 million tons of food each year, worth 14.6 billion euro.
The owner of the British store chain Argos, Home Retail Group, has accepted an acquisition bid by supermarket chain Sainsbury's. The entire operation should be finalized by the end of the third quarter already.
An increasing number of hedge funds use food retailers' shares to short sell stock, with Sainsbury's stock already the second most short sold share in Europe. These short sellers estimate food retailers' shares to drop in value.