Asda and Sainsbury’s chief executives will be brought before MPs on June 20 to answer questions on how the proposed landmark merger between the two supermarkets will impact British farmers, other suppliers and consumers.
Sainsbury’s Mike Coupe and Asda’s Roger Burnley will be quizzed by the Environment, Food and Rural Affairs Committee (EFRA), which is particularly concerned about the ramifications for suppliers.
The Competition and Markets Authority has started a preliminary probe into the deal, ahead of a formal investigation, while on Wednesday, June 13, lawmakers from the Environment, Food and Rural Affairs Committee said that they would also gather evidence on it.
“Grocery retailers do not have a great record of treating their suppliers well,” the committee’s chair Neil Parish said in a statement.
Full Content: Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Private Equity Giants Eye Minority Stake in Intel’s Altera Chip Unit
Nov 4, 2024 by
CPI
Michael Jordan’s NASCAR Antitrust Case Kicks Off in Federal Court
Nov 4, 2024 by
CPI
Fifth Circuit Questions FTC’s Authority in Intuit’s Challenge to Internal Adjudication
Nov 4, 2024 by
CPI
EU Antitrust Decision on Novo Holdings’ Catalent Acquisition Set for December
Nov 4, 2024 by
CPI
EU to Scrutinize Apple’s iPad OS for Compliance with New Tech Rules
Nov 4, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Remedies Revisited
Oct 30, 2024 by
CPI
Fixing the Fix: Updating Policy on Merger Remedies
Oct 30, 2024 by
CPI
Methodology Matters: The 2017 FTC Remedies Study
Oct 30, 2024 by
CPI
U.S. v. AT&T: Five Lessons for Vertical Merger Enforcement
Oct 30, 2024 by
CPI
The Search for Antitrust Remedies in Tech Leads Beyond Antitrust
Oct 30, 2024 by
CPI