Find Us


UK's No 2 and No 3 supermarkets to merge

Sainsbury's and Asda to merge
Sainsbury's and Asda to merge
By Duncan Hooper
Share this articleComments
Share this articleClose Button
Copy/paste the article video embed link below:Copy to clipboardCopied

A deal to create the biggest retailer in the UK is in the works.


Sainsbury's and Asda supermarkets plan to merge in a deal that could create the UK's biggest retailer with more than a third of the grocery market.

Sainsbury's, formerly the second biggest supermarket, and Walmart-owned Asda, which held the third spot, said they plan to combine to overtake Tesco.

The deal would need approval from the competition authorities.

The supermarkets said the union, which would result in a group with £51 billion (€58 billion) of sales, would cut costs for consumers.

Britain's traditional supermarkets have been suffering amid competition from discount stores such as Lidl and Aldi as well as online giant Amazon.

Share this articleComments

You might also like

UniCredit and Societe Generale shares soar after merger report

Nigel Farage’s populist Reform Party overtakes Conservatives, polls show

UK prime minister unveils Conservative Party manifesto ahead of general election