Supermarkets set for MMC probe

Supermarkets set for MMC probe

THE OFFICE of Fair Trading is understood to have written to the four UK supermarket giants - Asda, Safeway, Tesco and J Sainsbury - saying that they face a wide-ranging investigation by the Monopolies and Mergers Commission. The OFT is to publish the results of its nine-month inquiry into supermarket pricing around the end of this month. It is thought the MMC's inquiry will include second-tier supermarket operators.