Home / Knowledge / News / Apparel/Garments / Sainsbury, Asda merger may hike prices, reduce quality: UK

Sainsbury, Asda merger may hike prices, reduce quality: UK

26
Feb '19
Pic: GOV.UK
Pic: GOV.UK
The UK Competition and Markets Authority (CMA) has found that the proposed deal to merge Sainsbury and Asda could lead to a worse experience for in-store and online shoppers through higher prices, a poorer shopping experience and reduced range and quality of products. It also feels prices could rise at a large number of Sainsbury and Asda petrol stations.

Sainsbury and Asda are two of the biggest supermarket chains in the country.

The CMA has provisional concerns that the merger could lead to a substantial lessening of competition at both a national and local level, the government body said in a press release.

The combined impact means that people could lose out right across the United Kingdom and that the deal could also cost shoppers through reduced competition in particular areas where Sainsbury’s and Asda stores overlap.

These are our provisional findings, however, and the companies and others now have the opportunity to respond to the findings, said Stuart McIntosh, chair of the independent inquiry group carrying out the investigation.

CMA’s final report will be issued by April 30. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Textiles | On 28th Mar 2020

Worldwide lockdowns, stimulus shots, raised PPE production

The global response this week to the unfolding COVID-19 crisis saw...

Pic: Shutterstock

Apparel/Garments | On 28th Mar 2020

Vietnam may outdo Bangladesh as 2nd largest RMG exporter

Though Bangladesh is now the second-largest garment exporter...

Pic: Shutterstock

Textiles | On 28th Mar 2020

Morgan Stanley rules out economic depression

With COVID-19 badly damaging the global economy, Morgan Stanley...

Interviews View All

Sanjay Desai & Ashish Mulani, True Colors

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Textile industry, Head honchos

Textile industry
Head honchos

Clothes are no more bound by gender

Victor Chao, Esmetex

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Priyanka Salot,

Priyanka Salot

The Sleep Company was established to upgrade the sleep quality of every...

Rushiraj Mulani,

Rushiraj Mulani

The Shradhdha Group of companies was established in 2010 and is based out...

Boban Charly,

Boban Charly

Bierrebi designs and manufactures automatic machines that cut fabric into...

Wolfgang Plasser, Lenzing AG

Wolfgang Plasser
Lenzing AG

The Lenzing Group is an international company headquartered in Austria...

Mohammad Hassan, Biax Fiberfilm

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Eamonn Tighe, Nature Works LLC

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Chandani Sahi, By Chandani

Chandani Sahi
By Chandani

By Chandani is a womenswear prêt couture brand with fusion silhouettes by...

Madhu Jain, Madhu Jain

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Sailesh Singhania, Sailesh Singhania Label

Sailesh Singhania
Sailesh Singhania Label

The Sailesh Singhania label was created to promote handwoven sarees and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


March 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search