Sainsbury’s and Asda’s distribution networks could be a target for cuts if the proposed merger between the two supermarket giants goes ahead, a retail analyst warned this week. The merger agreement between J Sainsbury’s and Asda’s owner Walmart, would see both supermarket groups maintain their distinct brands, creating an estate of 2,800 Sainsbury’s and Asda stores, with almost a third of the grocery market by share. If the deal gets the go ahead from the Competition and Markets Authority it […]
TNT said it is more certain about its future after the collapse of its multi-billion euro acquisition by UPS last week, despite analysts warning that the industry giant needs to “work out what is going on”. UPS pulled the plug on the €5.16bn (£4.31bn) deal after it became clear that the European Commission (EC) would veto the acquisition, which had been bogged down in EC red tape for the past 10 months, due to competition concerns. UPS said it was […]
Asda has taken the “game-changing” step of offering its store click-and-collect service to other online retailers.
Tesco’s £3.7bn merger with wholesaler Booker has won approval from shareholders.