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Sainsbury's held merger talks with Morrisons, reports say
Original: sainsbury's
UK supermarket giant Sainsbury's reportedly held talks with rival grocer Morrisons about a potential merger, according to press reports. The discussions would combine two of Britain's biggest supermarket chains at a time of intense competition from discounters such as Aldi and Lidl. Details about whether talks are ongoing or have collapsed remain unclear, and neither company has confirmed the reports.
Why now: Reports of merger talks between two of the UK's largest grocers signal major consolidation in the supermarket sector.
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