Regulation is not about constraining tech innovation, but sharing it more widely and increasing competition, says Michael Jary, senior adviser at OC&C Strategy Consultants.
Only the latter, of course, was allowed to proceed. In doing so, not only was the shape of the grocery retail market set for the following two decades but the merger principles for the industry were defined in terms of the now-familiar catchment areas, drive times, fascia choice and issues of buyer and supplier power.
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