Sainsbury’s and Morrisons ‘held talks this year’ on multibillion-pound merger
Deal would have created a supermarket with a market share of 23.6%, still well behind Tesco’s 27.8% Sainsbury’s held merger talks with rival Morrisons this…
The Guardian reports: Deal would have created a supermarket with a market share of 23.6%, still well behind Tesco’s 27.8% Sainsbury’s held merger talks with rival Morrisons this year to discuss a multibillion-pound deal that would have been the biggest shake-up for UK supermarkets in decades, according to reports.
The two companies held exploratory negotiations, according to the Financial Times and Sky. It is believed they are no longer in live discussions.
This business story centres on the United Kingdom. Names and organisations mentioned in the coverage include Morrisons, Tesco and Sainsbury.
Why it matters
Business and economic news can ripple through prices, jobs, investments and household budgets.
Key details
- Location
- United Kingdom · Europe
- Reported by
- The Guardian
- First reported
- Key names
- Morrisons, Tesco, Sainsbury, UK
- Section
- Business
Sources
This is an independent summary. Read the full, original reporting from the publisher:
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