Where does Sainsbury’s go next?
After a blocked merger with Asda, CEO Mike Coupe’s resignation leaves the supermarket at a crossroads, writes James Moore
Just a day after Sainsbury’s CEO Mike Coupe unveiled plans for hundreds of job cuts, he cut his own. There had been questions about the 59-year-old’s future ever since the fairly disastrous attempt to pull off a £7bn merger with Asda that just about everyone outside those involved could see was doomed from the start.
With his focus back where it should have been, Sainsbury’s core grocery business has been showing some signs of life.
Christmas was better than expected and researcher Kantar’s quarterly survey of the market showed Sainsbury’s losing market share to Aldi and Lidl at a notably slower rate than rivals.
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