Retail sector mergers and acquisitions have grown by 15 per cent in the last year as companies are trying to make up for struggling sales, a new study reveals.
Figures have been compiled by the law firm RPC, their figures show there have been 37 retail mergers and acquisitions deals in the last year.
The RPC have explained that the recently announced Asda and Sainsbury’s merger was a good example of the recent trend for businesses in the food side of the retail sector to “add economies of scale to make up for slowing organic sales growth”.
