Sainsbury and Asda to merge
edited 1 May 2018 at 10:46AM in Gone off!
107 replies 12.1K views
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Words, words, they're all we have to go by!.
(Pity they are mangled by this autocorrect!)
Will be interesting to see how things change as there are few towns where these two are competing locally. However, where Asda & Sainsburys are competing, without there being a Tesco or Morrisons they could take the opportunity to snap up these stores, consequently, the merger actually reduces Asda/Sainsburys presence.
A takeover would lead to Walmart monopolising both.
I think I'll stick to Waitrose, thanks.
ETA: apparently, Walmart are thinking off offloading ASDA. That doesn't sound particularly promising for UK investment. I wonder why, as ASDA was supposed to be their big leap out of the US?
No reason to think I'll like their offspring.