Sainsbury’s may be bruised after its merger plan with Asda failed to get competition authority approval, but the company is still getting on with business as usual even if meaningful sales growth remains elusive.
Sainsbury's has announced that it will buy Asda with the latter's owner Walmart taking a big stake in the combined firm. And both chains will continue, which means the Tu Clothing and George lines will carry on too.
The UK retail sector was shocked at the weekend on news that two key supermarket names could merge. And if Sainsbury’s and Wal-Mart's Asda do merge, it would join up two of the most prominent fashion brands too.