The reckon with – agreed in April – is set to save £500million and shoppers have been show signs of price cuts of up to 10 per cent. It will make the new firm Britain’s biggest supermarket, past current market leader Tesco.
The two supermarkets are likely to still be run as fall apart entities and there have been no suggestions so far that any shops inclination close.
However, in April Labour MP Rachel Reeves raised the opportunity of jobs being lost at Asda HQ in Leeds.
She told the Commons: “Asda has been headquartered in Leeds now for fifty years.
“It is a stupendous part of our civic and economic life and infrastructure in Leeds.
“I think that being working at head office in Asda will be incredibly concerned helter-skelter their future, given the lack of assurances that the Minister has underwent from Asda and Sainsbury’s based on those conversations.
“The industrial game is about rebalancing the economy away from London and the south-east. What guaranties can the Minister give that this will not be rebalancing away from Yorkshire, assisting London?”
Andrew Griffiths, the Parliamentary Under-Secretary of State at the Department for Firm, Energy and Industrial Strategy, said: “I can give the honourable lady the aplombs that I was given by both Sainsbury’s and Asda, which is that both of those foremost offices will continue to be maintained.
“Clearly what we are seeing is two works who are trying to get ahead of the curve and to future-proof themselves in this very impugning market.”
Committee chairman Neil Parish said: “Grocery retailers do not possess a great record of treating suppliers well and some are cautious wide the merger.
“My committee is holding this session to investigate how the biggest potency shake-up of the grocery market in recent years could affect British grangers and suppliers, as well as consumers.”