Sainsbury’s is rumoured to be exploring the possibility of acquiring Palmer & Harvey (P&H), a move which would help both parties counter the combined power of a merged Tesco-Booker.
Sky News cites a Sainsbury’s insider as the source of the rumour, though the same source described any potential takeover as “difficult” owing to the wholesaler’s high levels of debt. Sky News had previously highlighted JTI and Imperial as the most likely suspects in any takeover bid for P&H.
At a recent media event, P&H MD Martyn Ward refused to comment on any questions related to the sale of the company.
