Competition and Markets Authority news and archive

Asos, Boohoo and Asda promise “landmark changes” following CMA greenwashing probe

The UK’s Competition and Markets Authority (CMA) has reported that fashion e-tailers Asos and Boohoo, along with supermarket clothing brand George at Asda, have signed formal agreements to use “only accurate and clear green claims” moving forward as it cracks down on “greenwashing” in the sector. The move follows the CMA launching a greenwashing...

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Sainsbury’s-Asda deal blocked by CMA over pricing concerns

A proposed merger of British supermarket powerhouses Sainsbury’s and Asda has been blocked by the UK’s competitive regulator due to concerns the deal would hike up prices and reduce the quality and range of products available. In its final report published Thursday, the Competition and Markets Authority (CMA) said the long-anticipated merger...

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Sainsbury’s-Asda pledge to cut prices in bid to salvage merger deal

Sainsbury’s and Asda have pledged to make one billion pound price cuts in a bid to win CMA approval for their proposed 12 million pound merger to go ahead. In a statement released on Tuesday, Sainsbury’s and Asda said they would deliver one billion pounds of lower prices annually by the third year following the merger, investing 300 million...

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Sainsbury's-Asda merger in doubt amid pricing concerns

The UK’s competitive regulator, the Competition and Markets Authority (CMA), has said that the proposed Sainsbury's-Asda merger would push up prices and reduce competition in the industry, leaving the deal in doubt. In its Phase 2 investigation, the CMA said it found that the proposed deal “could lead to a worse experience for in-store and...