Sainsbury’s and Asda forced to ditch merger after competition watchdog blocks deal

Asda Scania with Cartwright double deck trailer
 

Supermarket groups J Sainsbury and Asda have been forced to abandon their merger after the deal was blocked by the Competition and Markets Authority (CMA). Sainsbury’s group chief executive Mike Coupe vowed that no distribution centres would be closed in a letter to the House of Commons Business, Energy and Industrial Strategy Committee last year. Although he admitted that there could be cuts to suppliers currently working with both supermarkets, and a reduction in supplier deliveries had the deal received […]