UK: Four Safeway bidders referred to competition authority
The UK's Trade and Industry Secretary, Patricia Hewitt, acting on the advice of the Office of Fair Trading, has ordered the Competition Commission to look into four of the prospective bidders for supermarket chain Safeway. The initial bid for Safeway, which came from William Morrison, is to be referred to the Commission, as are bids from Wal-Mart subsidiary Asda, Sainsbury's and Tesco. All four bids have been referred on the grounds that the resulting mergers could be expected to result in a substantial lessening of competition. Entrepreneur Philip Green's bid will not face the scrutiny of the Commission, as he has no other interests in food retail.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 16 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- Unilever 2016 investor day - the top takeaways
- The key questions for digital strategists in 2017
- Wessanen's move for Spain's Biogran - analysis
- Have food promotions reached tipping point?
- Burger King, Jollibee: foodservice focus, Nov 2016
- General Mills jobs to go in business revamp
- Verlinvest, China Resources invest in Oatly
- B&G acquires pasta sauce group Victoria Fine Foods
- Japan's Nagatanien buys Chaucer Food Group
- Tyson sets up US$150m investment fund