American Supermarkets Give U.K. a Wake-Up Call

When dealing with discounters, mergers beat price wars.

A full product range would include industry consolidation.

Photographer: Simon Dawson/Bloomberg

Royal Ahold's move to buy Delhaize Group, which engineers what will be the fifth-biggest U.S. grocer, is the world's biggest supermarket deal for almost a decade. It should also be a wake-up call for the U.K. grocery industry, which needs to spend less time waging price wars and more time engaging in takeover battles.

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