Sainsbury's and Morrisons held merger talks this year
Both outlets report that the two UK supermarket chains entered discussions about a multibillion‑pound merger that would have given the combined entity about a 23.6% market share, still behind Tesco. No confirmation of a deal was given.
First reported 4 hours ago · latest update 1 hour ago
Sainsbury’s and Morrisons entered into exploratory negotiations this year about a possible multibillion‑pound merger. The discussions were described as preliminary talks aimed at assessing the feasibility of combining the two retailers.
If the merger had proceeded, the combined entity would have held a market share of roughly 23.6 % of the UK grocery market. This would have positioned the new supermarket group behind Tesco, which currently commands about 27.8 % of the market, but ahead of other major competitors.
The potential deal represented the most significant restructuring of the British supermarket sector in decades, reflecting ongoing consolidation pressures within the industry. Both companies are among the top five grocery retailers in the country, with Sainsbury’s ranking second and Morrisons fourth in terms of sales.
According to recent reports, the two firms are no longer engaged in live discussions. The exploratory phase has concluded without a formal agreement to move forward with the merger.
At present, no further negotiations have been announced, and each retailer continues to operate independently while monitoring market conditions and potential future opportunities for collaboration.
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Sainsbury’s held merger talks with smaller rival Morrisons - Financial Times
Sainsbury’s held merger talks with smaller rival Morrisons Financial Times
4 hours agoSainsbury’s and Morrisons ‘held talks this year’ on multibillion-pound merger
Deal would have created a supermarket with a market share of 23.6%, still well behind Tesco’s 27.8%Sainsbury’s held merger talks with rival Morrisons this year to discuss a multibillion-pound deal that would have been the biggest shake-up for UK supermarkets in decades, according to reports.The two companies held exploratory negotiations, according to the Financial Times and Sky. It is believed they are no longer in live discussions. Continue reading...
1 hour ago · Lauren Almeida