MPs are putting increasing pressure on regulators regarding the Sainsbury’s and Asda merger, to scrutinise the deal and how suppliers might be affected. The Business, Energy and Industrial Strategy committee and the committee for Environment, Food and Rural Affairs have both written to the competition watchdog, amidst concerns that the deal could be harmful to the supply chain.
The tie-up will see the group in charge of 2,800 stores, and a combined revenue of more than fifty billion. The company is aiming to drive cost-savings through increasing buying power with suppliers - of which a large number are multi-national companies.... Read More
