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Tesco-Carrefour & Sainsbury’s-Asda will put pressure on smaller grocers – Moody’s

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An influential credit ratings agency believes Tesco’s strategic alliance with French grocery giant Carrefour and Sainsbury’s proposed merger with Asda could place pressure on smaller grocery retailers. Moody’s said the deals would squeeze suppliers, who will then look to make up lost profits from smaller grocers such as Iceland and Ocado. “Lower purchasing costs for the retail alliances will translate to lower revenue for suppliers overall, even if the alliances enhance volumes for some suppliers,” the firm said in a research note

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Tesco-Carrefour & Sainsbury’s-Asda will put pressure on smaller grocers – Moody’s

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