Home > Campaigns > Real Food > News > January 2003 > Morrisons take-over bad news for consumers
Friends of the Earth today called for Morrisons' take-over of the Safeway supermarket chain to be investigated by the Competition Commission. The deal would give Morrisons around 16 per cent of the grocery market.
"The take-over of Safeway by Morrisons would put our whole food
chain more firmly in the hands of a few big corporations. This is bad
news for consumers, who will have less choice, small shops, who cannot
compete against another all-powerful supermarket, and small farmers
who are unable to stand up to the bully-boy tactics of the big buyers,"
said Friends of the Earth Food Campaigner Sandra Bell. "This sort
of merger must not be allowed to go ahead without an investigation by
the Competition Commission. This deal would give Morrisons about 16
per cent of the grocery market. The Competition Commission has acknowledged
that any supermarket with 8 per cent or more of the market has a great
deal of buyer power. The Government must investigate this deal and stop
it if it is found to be damaging to small businesses, farmers or consumers."
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