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Vesa Equity Investment Discloses 3.05%% Stake In Sainsbury - Filing
Sainsbury Says Simon Roberts Becomes CEO Today
Sainsbury's Says Keith Weed, Tanuj Kapilashrami To Join As Non-Executive Directors
J Sainsbury plc is a general merchandise retailer in the United Kingdom. The Company operates through its segments: Retail, Financial Services and Property Investment. The Retail segment is engaged in the operation of supermarkets and convenience. The Financial services segment includes the operations of Sainsbury's Bank plc (Sainsbury's Bank). The Property investments segment includes the Company's joint ventures with the British Land Company PLC and Land Securities Group PLC. Sainsbury's Bank provides a range of products, including insurances, credit cards, savings and loans. Sainsbury's Bank offers car, home, pet and life insurance, and travel insurance. Sainsbury's Energy offers gas and electricity, and a range of boilers. Sainsbury's Entertainment offers movies, music, books, games and other entertainment products.
Martin A. Scicluna
Non-Executive Chairman of the Board
Simon John Roberts
Chief Executive Officer, Director
Chief Financial Officer, Director
Chief Executive Officer - Sainsbury’s Bank
Group Chief Information Officer
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Czech billionaire Daniel Kretinsky has built a 3.05% stake in J. Sainsbury <SBRY.L> to become the UK supermarket group's fourth-largest shareholder, expanding a portfolio of retail investments that also includes France's Casino and Germany's Metro.
VESA Equity Investment, controlled by Czech billionaire investor Daniel Kretinsky, has taken a 3.05% stake in British supermarket group Sainsbury's, a filing showed on Thursday.
* HAVE KEPT PURCHASE LIMITS UNDER REVIEW AS AVAILABILITY OF KEY ITEMS HAS IMPROVED Source text for Eikon: Further company coverage:
Sainsbury's <SBRY.L> has picked retail and operations director Simon Roberts to succeed CEO Mike Coupe, the architect of the British supermarket group's failed bid for rival Asda who will step down in May after six years at the helm.
Britain's Sainsbury's said on Tuesday it would cut "hundreds of management roles" across the business as it seeks to bring its main supermarket operation and its Argos general merchandise arm closer together.
Core sales at Sainsbury's <SBRY.L> slipped in its key Christmas quarter as a drop in demand for toys and gaming products at the British retailer eclipsed a solid performance in food.
Sainsbury's <SBRY.L>, Britain's second largest supermarket, did not experience any change in shoppers' behavior after the Dec. 12 national election, its boss said on Wednesday.
Sainsbury's, Britain's No. 2 supermarket group, reported a small fall in underlying sales in the key Christmas quarter, hurt by a weak performance from general merchandise.
WPP has appointed John Rogers, the boss of retailer Sainsbury's Argos, as its new finance director, to take over from the outgoing Paul Richardson in early 2020.
* No evidence consumers building up stocks * Sainsbury's shows smallest sales decline of big four * Discounters Aldi and Lidl win market share from big four (Recasts with Kantar comments) LONDON, Sept 17 (Reuters) - There is no evidence that Britons worried about the possibility...
Sainsbury's recorded the smallest sales decline among Britain's big four grocers in the latest 12 week period, showing tentative signs of improvement after nearly two years of underperformance, according to industry data published on Tuesday.
Private shareholders in Sainsbury's <SBRY.L> berated the board of the British supermarket chain at its annual meeting on Thursday over its failed takeover of rival Asda, as well as a share price slump and what it pays its boss.
British supermarket Sainsbury's underperformed its big four rivals again in a weak overall market during the 12 weeks to June 16, industry data showed on Tuesday.
Sainsbury's boss Mike Coupe, whose attempt to take over rival UK supermarket chain Asda resulted in failure, saw his total annual pay package rise to nearly $5 million, the group's annual report showed on Tuesday.
Asda, the British supermarket arm of U.S. giant Walmart, reported a dip in quarterly sales and warned of an "increasingly challenging backdrop" after regulators thwarted its plan to merge with rival Sainsbury's.
Asda will be scrutinised for clues on whether U.S. owner Walmart wants to line it up for sale or to compete longer term in the cut-throat British grocery market when it gives its first trading update since a planned Sainsbury's takeover collapsed.
Asda will be scrutinized for clues on whether U.S. owner Walmart wants to line it up for sale or to compete longer term in the cut-throat British grocery market when it gives its first trading update since a planned Sainsbury's takeover collapsed.
Sainsbury's boss Mike Coupe vowed to improve stores, cut prices on daily essentials and invest in online to restore sales growth for Britain's second largest supermarket group after the humiliation of his failed takeover of rival Asda.
Britain's Sainsbury's, chastened by the blocking of its takeover of rival supermarket group Asda, said it would accelerate investment in its store estate and technology as it reported a second straight quarter of underlying sales decline.
Sainsbury's was alone among Britain's big four supermarket groups in seeing sales fall in the 12 weeks to April 21, industry data showed on Tuesday.
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