Submitted on Monday 30th January 2017
Rejected on Monday 13th February 2017
Current status: Rejected
Rejection code: irrelevant (see below for details)
Stop the Tesco acquisition (merger or takeover) of Booker Wholesale
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.
You can't sign this petition because it was rejected. But you can still comment on it here at Repetition.me!
The Government e-Petitions Team gave the following reason:
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:
www.gov.uk/government/organisations/competition-and-markets-authority
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