date:Jun 22, 2012
Three top retailers control half or more of the market, in the UK, France, Germany, and the Netherlands and the trend is intensifying, said the report.
The result will be a spate of mergers and acquisitions, said Rabobank analyst Marc Kennis. However, organic growth will not be enough to meet the challenges and so companies will need to join forces with rivals.
The process is already under way, with about two dozen deals having been completed in the last four years but Rabobank believes that