Apr 28, 2018
Sainsbury's and Asda in merger talks
Merger talks between British supermarket chains Sainsbury's and Asda are at an "Advanced" stage, Sainsbury's has confirmed. The two brands are expected to be retained should a merger go ahead. Sainsbury's and Asda - the UK arm of Walmart - are the second and third largest supermarkets in the UK. The combined group would comprise 2,800 stores and would represent around 30% of the UK grocery market - similar to that of market leader Tesco. "Sainsbury's confirms that it and Walmart Inc. are in advanced discussions regarding a combination of the Sainsbury's and Asda businesses," a statement from its holding company, J Sainsbury plc, said. Sainsbury's is continuing to integrate Argos into its network and sees an opportunity to roll out Argos in Asda stores. The two brands will be retained as they appeal to a different customer but they see a good geographical fit, with Asda stronger in the north and Sainsbury's in the south.
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