MPs lambast Asda-Sainsbury’s deal as planned merger scrutinised
The impact of the proposed merger of Leeds-headquartered Asda and its Big Four competitor Sainsbury's came under fire yesterday, with MPs saying they were talking "baloney" about its impact on suppliers.
Neil Parish, chair of the Environment, Food and Rural Affairs Committee, said small suppliers would suffer from their pledge to cut 10% off the price of everyday items after they merge.
Asda chief executive Roger Burnley and Sainsbury's Mike Coupe were giving evidence at the committee. Asda and Sainsbury's announced a £15bn ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
