Author Topic: Sainsburys and Asda supermarkets to merge.  (Read 520 times)

Offline Talk Merit

Sainsburys and Asda supermarkets to merge.
« on: April 29, 2018, 06:01:30 PM »
Asda was purchsed by Walmart in 1999, and is the third largest supermarket chain in the UK. Walmart has been in the news recently following reports that it may be converting supermarket sites into FEMA camps in the US. Sainsburys is the second largest supermaket chain in the UK, and Qatar sovereign wealth fund appears to have a controlling interest in the supermarket. The merger is likely to result in supermarket closures, and it will be interesting to see what happens to the sites if the merger is approved.

Offline jackg

Re: Sainsburys and Asda supermarkets to merge.
« Reply #1 on: April 29, 2018, 08:37:04 PM »
I've heard of this recently. And was also wondering about the store closures. Both companies say that they want to keep themselves as separate entities, ASDAs have been popping up everywhere around where I live (three have been made within about a 2 mile radius in the past four or five years)!

I noticed they are quite different brands. Sainsbury's has more specialist items in a few parts of the store and can therefore provide a higher price, while some parts of ASDA are a bit like Tesco Express stores with quite a lot of different departments and all offering items at a generally cheap rate (Sainsbury's is similar in price for regular items though and therefore has some competition with them).

Although, it might turn into what happend with the failed SKY takeover of 20th/21st Century Fox or the recent forceful break of BT and OpenReach.

Offline Talk Merit

Re: Sainsburys and Asda supermarkets to merge.
« Reply #2 on: April 29, 2018, 09:14:55 PM »
Sainsburys says that it wants to move Argos into some of the ASDA stores. They bought Argos a while ago.

The sad thing is that all our leading companies are moving into foreign control. Some of the profits from Sainsburys must find their way into funding questionable Middle East military organisations and weapon supplies.

Offline jackg

Re: Sainsburys and Asda supermarkets to merge.
« Reply #3 on: April 29, 2018, 10:01:28 PM »
Yes they probably do put their profits into the wrong hands...  Some Argos stores in Asda stores might be quite nice - Sainsbury's would then really dominate the high street when they are in posession of all three (they already have Argos I know).

Taking a look at two of the big four companies: there were recent issues with Unileaver also who decided to leave the UK complaining that we didn't have enough legislation to stop them from being taken over by Craft (although that one's slightly better as they're still in the EU - they just moved to the netherlands).

I think there was also a thing a while back of Morrison's giving conveniance stores to the co-operative who have now sold them all onto McCall's

Offline mdayonliner

Re: Sainsburys and Asda supermarkets to merge.
« Reply #4 on: May 28, 2018, 08:20:08 PM »
Asda was purchsed by Walmart in 1999...
This is something new to me. I thought ASDA is independent brand not own by anyone else.

PS: I am an x Sainsburys staff. This WILL cut off the employees. It's sad if they eventually end up doing the merge.
« Last Edit: May 28, 2018, 08:24:19 PM by mdayonliner »

Offline Talk Merit

Re: Sainsburys and Asda supermarkets to merge.
« Reply #5 on: May 28, 2018, 08:26:43 PM »
ASDA was created by the old Associated Dairies company, hence the name.

Morrison's was a north country supermrket chain, and they prurchased the much larger Safeways supermarket chain ( which I think was American at the time). They were an inch away from bankruptcy as they tried to absorb the new acquisition, but they scraped through into profitability.