mo4ch:>Asda and Sainsbury's heads lambasted by MPs
Asda and Sainsbury's heads lambasted by MPs
Asda and Sainsbury's heads lambasted by MPs
20 June 2018
Related TopicsSainsbury’s-Asda merger
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MPs have accused the heads of Asda and Sainsbury's for talking "baloney" about the impact of their merger.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.Asda and Sainsbury's announced £15bn merger plans in April."You can't have a 10% saving without someone paying for it," Mr Parish said.
Both Mr Burnley and Mr Coupe said that small suppliers would not be hurt by their attempt to cut the price of every day items such as milk, bread and tinned tomatoes."I can categorically say that the synergy benefits on which the combination is predicated are not bas…
Asda and Sainsbury's heads lambasted by MPs
20 June 2018
Related TopicsSainsbury’s-Asda merger
Image copyright
Getty Images
MPs have accused the heads of Asda and Sainsbury's for talking "baloney" about the impact of their merger.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.Asda and Sainsbury's announced £15bn merger plans in April."You can't have a 10% saving without someone paying for it," Mr Parish said.
Both Mr Burnley and Mr Coupe said that small suppliers would not be hurt by their attempt to cut the price of every day items such as milk, bread and tinned tomatoes."I can categorically say that the synergy benefits on which the combination is predicated are not bas…