Supermarket shake-up: why Asda or Morrisons could vanish within a decade
Summary
Asda and Morrisons, two major UK supermarkets, may disappear within ten years due to market changes and possible mergers. Talks have occurred between Sainsbury’s, Asda, and Morrisons, with Sainsbury’s considering buying one of its rivals. The UK competition authority is reviewing the status of discounter stores Aldi and Lidl, which may affect future supermarket mergers.Key Facts
- Asda and Morrisons have a combined 188 years of serving UK shoppers.
- Sainsbury’s and Morrisons held merger talks but stopped in early 2024.
- Sainsbury’s previously tried to buy Asda in 2019 for £7 billion, but the deal was blocked.
- Aldi is about to surpass Asda as the UK’s third-largest supermarket.
- Aldi and Lidl are being considered as “large grocery retailers” by the UK Competition and Markets Authority (CMA).
- The CMA’s change in classifying Aldi and Lidl may make supermarket mergers easier to approve.
- The UK government supports economic growth, which could encourage more supermarket consolidations.
- Doug Gurr, with experience at Asda and Amazon, leads the CMA and may influence competition policies.
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