UK: Sainsbury’s initial response to the competition commission report

Peter Davis, Group Chief Executive of Sainsburys said, "We are delighted that the Competition Commission Report confirms that UK consumers need no help in making informed choices about where to shop. The Commission indicates high levels of consumer satisfaction with what has been proved a fiercely competitive industry."A code of practice dealing with supplier relationships has already been produced at the request of Nick Brown. In addition Sainsbury's has its own voluntary code which was developed in conjunction with our suppliers earlier this year and we have led the way in partnerships with farmers, producers and processors to tackle problems, share information and develop opportunities."The Competition Commission found that nearly 95% of suppliers are happy with their relationship with the UK supermarkets. It also recommends a regulated code of practice in this area: we are happy to co-operate on this with the DGFT."