MPs from two parliamentary committees have called on the competition regulator to examine how the merger of Sainsbury’s and Asda will affect suppliers.
The merger of the UK’s second- and third-largest supermarket chains could hand them control of about 30% of the grocery sales, a similar level to Tesco, meaning two businesses would account for 60% of the market in future.
“The cost savings being promised through this merger must not come through squeezing those further down the supply chain,” warned Conservative MP Neil Parish, chair of the environment food and rural affairs committee.
