Sainsbury's and Asda in talks about shock £10bn grocery merger
Apr 29, 2018, 13:55
Sainsbury's, the UK's second-biggest grocery chain, said it is in advanced discussions about a merger with Walmart's British unit, Asda, as retailers adjust to swiftly changing shopping habits.
If the merger goes ahead between Sainbury's and Asda -Britain's second and third largest supermarket chains - the combined group would comprise 2,800 stores and would represent about 30 per cent of the United Kingdom grocery market, similar to Tesco's share.
Sainsbury's and Asda have been under enormous pressure to compete with German budget stores Aldi and Lidl, which have racked up a huge following in the UK.
The latest statistics show that Tesco has a 27.6% market share, while Sainsbury's has 15.8% and Asda has 15.6%.
The combination would create Britain's largest supermarket chain, with a joint market share of 31% and 2,800 stores, moving the merged company ahead of market leader Tesco.
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