Walmart disappointed by UKs blocked AsdaSain

first_img Walmart “disappointed” by U.K.’s blocked Asda-Sain … U.K.: Asda overtakes Sainsbury’s as second-largest … “Grocery retailers do not have a great record of treating their suppliers well,” the committee’s chair Neil Parish was quoted as saying.“My committee is holding this session to investigate how the biggest potential shake-up of the grocery market in recent years could affect British farmers and suppliers, as well as consumers.”In May, U.K.-based non-profit cooperative Banana Link said the proposed deal was “not good news” for fruit growers.www.freshfruitportal.com A British parliamentary committee will question the CEOs of the U.K.’s second- and third-largest supermarkets, Sainsbury’s and Asda, ahead of their proposed tie-up, Reuters reported.In April, Sainsbury’s announced a 7.3 billion pound deal to buy Asda, the U.K.-based subsidiary of U.S.-based Walmart. If it goes ahead, the combined giant will overtake Tesco as Britain’s biggest supermarket group.The competition regulator has started a preliminary probe into the deal ahead of a formal investigation, while on Wednesday MPs from the Environment, Food and Rural Affairs Committee said that they would also gather evidence on it, according to Reuters.center_img June 14 , 2018 You might also be interested inlast_img

Leave a Reply

Your email address will not be published. Required fields are marked *