Amazon eyes up Asda and Sainsbury’s
Advertisement – Advertise here from OMR 100 / $275 USD
Al-Sahawat Times | Ethical Global News from Oman and UAE | Donate HERE
Amazon sets sights on Asda and Sainsbury’s super stores.
Amazon is reportedly looking at Sainsbury’s and Asda super stores during their £14 million merger.
During a meeting on November 5 about the tie-up, the technology giant told the competition watchdog that acquisitions and investment in the UK grocery market are on the table.
Competition and Markets Authority documents said Amazon executives had told them deals in the food market and other UK sectors are “under review”.
The CMA added: “Amazon explained that Amazon Fresh is a recent entrant in the UK. At the moment, they are focusing on how to improve the customer experience.”
Amazon, which declined to comment, bought Whole Foods for £10.7 billion last year, marking the shopping giant’s foray into food stores.
It currently offers groceries online to British customers with help from its partnership with grocers Morrisons and Booths. It also reportedly tried to open talks with Waitrose’s owner about a possible takeover last year.
The CMA is expected to demand mass store disposals in places where both Sainsbury’s and Asda have shops as a condition in permitting the deal.
• Whole Foods (Amazon owned)
• Amazon Fresh (Amazon owned)
• Morrisons (Amazon partner)
• Booths (Amazon partner)
• Sainsbury’s-Asda (Possible partial Amazon takeover)
• Waitrose (Failed Amazon takeover)
• M&S Food (Not Amazon related)
• Tesco (Not Amazon related)
Since you’re here …
… we have a small favour to ask. More people are reading Al-Sahawat Times than ever but advertising revenues across the global media industry are falling fast. And unlike many news organisations, we haven’t put up a total paywall. We want to keep our journalism as open as we can. So you can see why we need to ask for your help. Al-Sahawat Times’ independent, investigative journalism takes a lot of time, money and hard work to produce. But we do it because we believe truly ethical media and an unbias perspective really matters.
“I appreciate there not being a paywall: it is more democratic for the media to be available for all and not a commodity to be purchased by a few. I’m happy to make a contribution so others with less means still have access to information.”
If everyone who reads our reporting, who likes it, helps fund it, the future of ethical media and the futures of our staff and their families would be much more secure. For as little as £1, you can support Al-Sahawat Times and it only takes a minute. Thank you.
This story is available on:
APPLE NEWS | GOOGLE NEWS | AL-SAHAWAT TIMES
Talk to a journalist
Follow Al-Sahawat Times
?Read it on FLIPBOARD
l.Khalifa@alsahawat.com | Journalist