Stop the Tesco acquisition (merger or takeover) of Booker Wholesale

Rejected 20 signatures

What the petition asks

Tesco's acquisition of Booker will remove thousands of jobs from the UK food supply chain. No company will be unaffected; Tesco and Booker themselves; suppliers of food, logistics, and suppliers to these suppliers; packaging, food ingredient, transport. Supplier margins will erode, jobs will go.

The acquisition will in fact be paid for by Tesco/Booker combined Supplier base. Supply contracts will be re-negotiated, suppliers will have no choice but to reduce their margins (or lose their contracts). Margin cuts will be made by reducing head-counts, potentially reducing product ingredient quality, pack sizes and potentially the quality of food produced in the UK will suffer. New food products will find it harder to achieve a route-to-market. In the end, there will be less choice.

Why it was rejected

It asked for something that is not the responsibility of the UK Government or Parliament.

This is the responsibility of the Competition and Markets Authority (CMA). It's been announced that the CMA will be looking into this.

You can find out more here:
https://www.gov.uk/government/organisations/competition-and-markets-authority

Timeline

30 Jan 2017	Petition opened for signatures
13 Feb 2017	Rejected by the Petitions Committee

Key facts

Signatures 20

Status Rejected

Rejected 13 Feb 2017

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