Sainsbury’s is Britain’s third largest grocery retailer (behind Tesco and Asda), turning over nearly £23bn in the year to 19 March 2011 and making a pre-tax profit of £827mn. Despite buying 24 stores from the Co-op in 2009 in the north and Midlands, Sainsbury’s stronghold remains the south east of England, and if it is to challenge for top slot and fend off the threat of fourth placed supermarket Morrisons, it has to expand its footprint outside this most affluent […]
Supermarket groups J Sainsbury and Asda have been forced to abandon their merger after the deal was blocked by the Competition and Markets Authority (CMA).
Norbert Dentressangle’s five-year, £100m contract with Comet is in the hands of administrator Deloitte following the biggest high street collapse since Woolworths in 2008. Wincanton, Comet’s previous logistics partner, walked away from a warehousing and distribution deal with Comet on 30 April after it was unable to agree terms with OpCapita, the equity company that bought the chain at the start of 2012 from Kesa Electricals. A spokeswoman for ND said: “We continue to operate our contracts with Comet Group, […]
DX Group’s largest shareholder has slammed the proposed acquisition of John Menzies Distribution, deeming it a bad deal for shareholders, an attempt to distract from “terrible” operating results and a “face saving exercise for the DX board”.