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Sainsbury planning merger
with Boots?
British retail giant Sainsbury is apparently planning a merger with the chemists' chain Boots. In an interview in the Sunday Times, the CEO of J Sainsbury Peter Davis indicated that a merger may be forthcoming. Boots has installed itself already inside 100 Sainsbury stores, selling health and beauty products. Sainsbury, which is trailing its main British rival Tesco, is established also in the United States. Recently, UFCW concluded a major collective agreement with a Sainsbury subsidiary, Shaw's. According to the Sunday Times, a merger would result in a company worth 13,5 billion GBP or over 20 billion USD.
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