Shares in Campari Group have fallen 5% today, after police seized shares worth €1.3bn from its majority-owner Lagfin over alleged tax evasion, as reported by the BBC.
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Goedhuis & Co and Waddesdon Wine have announced an agreement to merge, with the deal effective from today (3 November). Both companies will initially continue to trade under their existing names, while the two businesses are fully integrated to ensure no disruption to clients or suppliers.
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Wine pioneer David Sandys-Renton has died, aged 85.
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The proposed merger between Sainsbury’s and Asda has been blocked by the Competition and Markets Authority (CMA).
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The tie-up between Britain’s second and third largest supermarkets will have no detrimental impact on the diverse and “quick to adapt” supermarket sector, it has been suggested.
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“Suppliers effectively operate in a climate of fear as Sainsbury’s and Asda act as gatekeepers to the market”, the Food and Drinks Federation (FDF) has said in the latest round of consultations on the proposed supermarket merger.
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An increasingly competitive retail environment has led to yet another mega-merger, this time between Asda and Sainsbury’s. We ask what this new giant force could have in store for wine
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Sainsbury’s and Asda have confirmed they are to merge creating a supermarket powerhouse with combined revenues of £51 billion, overtaking Tesco as the number one player in the sector.
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