The proposed merger of Britain’s second and third largest grocers would create an enlarged group with sales of £51 billion, 330,000 staff and more than 2,800 UK stores PHIL NOBLE/REUTERSPoliticians on two influential parliamentary committees have written to Britain’s competition regulator to raise concerns about how suppliers will be impacted by the proposed merger between J Sainsbury and Asda. Rachel Reeves, chairwoman of the committee for business, energy and industrial strategy, and Neil Parish, chairman of the environment, food and rural affairs committee, told the Competition and Markets Authority (CMA) that close attention must be paid to the level of market dominance that could result from the merger of Britain’s second and third largest grocers. If the deal went ahead it would create an enlarged group with sales of £51 billion, 330,000 staff and more than 2,800 UK stores. Walmart, the American parent of Asda, will receive a cash payment from Sainsbury’s of nearly…

Source: The Times May 03, 2018 23:03 UTC