Sainsbury’s board braces for investor anger over failed Asda deal

World .
Sainsbury’s board braces for investor anger over failed Asda deal

Senior executives and board directors at Sainsbury’s are bracing themselves for shareholder anger this week, as the Big 4 retailer hosts its first public investor meeting since its failed merger with Asda.

The grocery giant’s AGM on Thursday will also be the first chance for new chairman Martin Scicluna to explain why he thinks chief executive Mike Coupe remains the best person to lead Sainsbury’s into the future. Shares at Sainsbury’s fell to a 30-year low in May after the CMA struck down the proposed £12bn merger with Asda.

https://www.retailgazette.co.uk/blog/2019/07/sainsburys-board-braces-for-investor-anger-over-failed-asda-deal/

 

SME