Sainsbury's vows to cut prices but not stores after Asda merger

By Richard Hook2018-04-30T09:31:00

The owners of Sainsbury’s and Asda have vowed to continue to operate their full estate of 2,800 stores across the UK having agreed terms for a merger deal.

The merger deal will see the combined Sainsbury’s-Asda overtake Tesco as the most valuable grocery retail firm in the UK with combined revenues of more than £50bn.

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