Sainsbury's dangles £1bn in price cuts in last-ditch effort to secure Asda deal

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Sainsbury's has promised price cuts of £1bn a year for shoppers and committed to selling off stores in a last-gasp effort to convince the competition watchdog to approve its £12bn merger with Asda.

Sainsbury's has promised price cuts of £1bn a year for shoppers and committed to selling off stores in a last-gasp effort to convince the competition watchdog to approve its £12bn merger with Asda.

Source: News Formal (newsformal.com)

 

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Customers don't want mergers and monopolies in our food market. We want competition. If you can't compete you deserve to go out of business.

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