Sainsbury's-Asda Merger In Doubt: What The Analysts Said
Published on Feb 20 2019 9:55 AM in Retail tagged: Featured Post / Sainsburys / Barclays / Asda / Shore Capital / Bernstein Research / Savvy / GlobalData / Rapleys / Paywall / AJ Bell / Retail Economics
The UK's Competition and Markets Authority cast the planned Sainsbury's-Asda merger in doubt this morning, with the watchdog stating that it has ‘extensive competition concerns’ about the planned deal.
Sainsbury's and Asda have since issued a statement noting that the CMA's findings ‘fundamentally misunderstand' the modern grocery industry, accusing the watchdog of 'moving the goalposts'.
Here's how leading retail analysts viewed the CMA's announcement.
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