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. Asda is run by a former Sainsbury’s executive, Roger Burnley, who quit the group for a more senior role at the rival in 2015. Competition regulator likely to choke on Sainsbury's-Asda deal Read moreSainsbury’s confirmed it was in talks with the US retail giant Walmart, which has owned Asda since 1999. Sainsbury’s has a network of more than 1,400 supermarkets and convenience stores while Asda has around 600 stores. Sainsbury’s and Asda command shares of 15.8% and 15.6% respectively, which means the combined business would ring up more 31.4% of UK grocery sales.

Source: The Guardian April 28, 2018 12:40 UTC