Sainsbury's reportedly held merger talks with rival supermarket Morrisons earlier this year, according to claims. A combined company would hold a 23.8% share of the market, according to recent data.
Talks Reported Earlier This Year
The claim was made in a report suggesting that J Sainsbury engaged in discussions with Morrisons during the first part of the year. No further details of the talks have been disclosed.
Market Share Impact
If a merger were to proceed, the combined entity would command a significant portion of the UK grocery sector. The 23.8% figure is based on the latest available market data.
Neither company has publicly commented on the reported talks. The story is still developing.
