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Sainsbury's and Asda in shock talks over £10bn merger deal

12:07 AM

New supermarket group would have 31.4% market share, compared with Tesco’s 27.6%

Sainsbury’s and Asda are in talks over a £10bn merger that would send shockwaves through the high street by creating a retailer more powerful than the current market leader, Tesco.

A tie-up between the UK’s second- and third-largest supermarket chains would create a new group with huge share of the market in food, clothing, household goods and toy retailing.

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from The Guardian https://ift.tt/2Jwxamc

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