By Helen Crane2018-05-03T05:52:00
Sainsbury’s boss Mike Coupe dismisses suggestions proposed £13bn merger would lead to store disposals.
On Monday, Sainsbury’s – which shares its chairman, David Tyler, with Hammerson – and Asda agreed a £13bn merger that if approved would see the UK’s second- and third-biggest supermarket chains join forces to create the country’s largest single retailer, operating as distinct brands under the Sainsbury’s corporate umbrella.
Sainsbury’s and Asda say the deal – which will almost certainly be closely scrutinised by the Competition and Markets Authority (CMA) – would allow them to slash prices and provide a better service to customers. But what impact would it have on their vast property estates?
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