LONDON -- The U.K. market is entering a period of consolidation among some of its smaller players, who are increasingly being squeezed by the strength of Tesco, J. Sainsbury and Asda.
The first changes came as the retailers Kwik Save, Prestatyn, England, and Somerfield, Bristol, England, agreed in February to a $1.99 billion (1.2 billion pound) merger to create a business with sales of more than $10 billion (6 billion pounds) and about 1,500 stores. Their combined market share would match ...
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