UK: Sainsbury teams up with Deliveroo

UK: Sainsbury teams up with Deliveroo

British supermarket Sainsbury’s has teamed up with Deliveroo to trial the delivery of pizza direct to customers’ homes, seeking a slice of the fast-growing food delivery market. Sainsbury’s, whose attempt to buy rival Asda was thwarted by the UK competition regulator in April, is seeking new growth areas. The pilot is part of the group’s […]

UK: Sainsbury’s boss gets pay rise despite failure of Asda deal

UK: Sainsbury’s boss gets pay rise despite failure of Asda deal

Sainsbury’s boss Mike Coupe, whose attempt to take over rival UK supermarket chain Asda resulted in failure, saw his total annual pay package rise to nearly US$5 million, the group’s annual report showed on Tuesday, June 4. Coupe’s total remuneration for the financial year to March 9, 2019, was £3.88 million (US$4.9 million), up from […]

Economic Evidence and the Rights of the Defense: UK vs EU Merger Control

Economic Evidence and the Rights of the Defense: UK vs EU Merger Control

May 2019 CPI Europe Column edited by Anna Tzanaki (Competition Policy International) & Juan Delgado (Global Economics Group) presents: Economic Evidence and the Rights of the Defense: UK vs EU Merger Control By Tanya Macrae (Allen & Overy LLP)1 Click here for a PDF version of the article   The issue of procedural fairness in UK and EU merger […]

UK: Sainsbury’s CEO job on the line post merger collapse

UK: Sainsbury’s CEO job on the line post merger collapse

Sainsbury’s chief executive Mike Coupe is fighting for his job after the Competition and Markets Authority (CMA) disapproved of the supermarket’s proposed £12 billion (US$ billion) merger with Asda. Coupe was the brain behind the proposed acquisition of Asda, which would have put Sainsbury’s ahead of longtime Big 4 leader Tesco, and successful discounters Aldi […]

UK: Sainsbury, Asda “very unlikely” to appeal regulator’s verdict

UK: Sainsbury, Asda “very unlikely” to appeal regulator’s verdict

Sainsbury’s and Asda, the British arm of US retailer Walmart, are “very unlikely” to appeal against the verdict of Britain’s regulator on their proposed merger, the Financial Times reported on Wednesday. A person with knowledge of the situation told the FT: “An appeal is still an option, but I would regard it as very unlikely.” […]

UK: Sainsbury’s and Asda offer to sell 150 stores to push merger through

UK: Sainsbury’s and Asda offer to sell 150 stores to push merger through

J Sainsbury and Asda have offered to dispose of between 125 and 150 supermarkets in an attempt to secure regulatory approval for their proposed £12 billion (US$15.8 billion) tie-up, according to documents filed by the grocers with the Competition and Markets Authority (CMA). The proposed disposal is only half of the roughly 300 stores the […]

UK: Sainsbury and Asda will deal price cuts to save merger

UK: Sainsbury and Asda will deal price cuts to save merger

Sainsbury and Asda will provide a more specific commitment to cut prices as part of their response to the Competition and Markets Authority’s provisional verdict on their planned £7bn merger, according to people briefed on the process. They also said the supermarkets would recalculate a key indicator of consumer harm using what they consider to […]

UK: Sainsbury believes regulator erred

UK: Sainsbury believes regulator erred

According to a report from Bloomberg, Sainsbury and Asda are arguing that officials got their math wrong and were duped about a rival’s intentions. Sainsbury stepped up its push to salvage the deal on Thursday, March 14, before the Competition and Markets Authority (CMA), which stunned the supermarkets on February 20 by announcing harsher-than-expected findings […]

UK: Watchdog delays final report on Sainsbury’s-Asda merger

UK: Watchdog delays final report on Sainsbury’s-Asda merger

The Competition and Markets Authority (CMA) announced it had decided to delay the publication of its report to give it enough time to “reach a fully reasoned final decision” on the £12 billion (US$15.4 billion) merger of grocery store chains Asda and Sainsbury’s. An inquiry group made up of CMA panel members was due to […]

UK: Iceland wants Sainsbury’s and Asda merger sales

UK: Iceland wants Sainsbury’s and Asda merger sales

Frozen food chain Iceland is considering bidding for any stores Sainsbury’s and Asda are required to sell in order to obtain regulatory clearance for their proposed combination, as it seeks to expand its Food Warehouse business. Although the companies’ traditional superstores “would be too big” for Iceland to take on, “you can redevelop, you can […]