An update on our proposed merger
Since we first announced our intention to merge with Grand Union back in July, a lot of work has taken place behind the scenes, including a thorough process of due diligence.
A six-week consultation with our customers has also concluded. This saw just under 2,000 customers provide feedback either by post, online or over the phone. We asked customers how they felt about the merger proposals on a sliding scale, ranging from very positive through to very negative.
We’re really pleased that 47 percent of all feedback from customers of both organisations was positive or very positive, with only 20 percent negative or very negative.
The views of customers, as well as the results of due diligence, will now be reviewed by Boards from both organisations who will decide whether to proceed with the merger. We'll have news of this decision in early October.
For more information on our proposed merger with Grand Union, please visit the Stronger2gether section of our website.