Sainsbury’s to look outside for its next CEO
August 19, 2019
British grocer Sainsbury’s is not speaking with internal candidates about succeeding current CEO Mike Coupe in the future. Mr. Coupe, who is reported to have the support of the company’s board and shareholders, is not expected to leave Sainsbury’s in the near term. The grocer failed in its attempt to acquired Walmart-owned Asda earlier in the year.
Recent News
Merger Forces Kroger and Albertsons To Sell More Stores
Kroger and Albertsons are selling more of their stores to address concerns about their merger.
JD Sports Bids for Hibbett in $1.08 Billion Deal
JD Sports Fashion plans to buy Hibbett Inc. for around $1.08 billion. The move aims to help the UK’s largest sportswear retailer grow in the southeastern United States.
Disney Technology Executive Leaves Company for Personal Reasons
Aaron LaBerge will stay on at Disney until June 2024.
Amazon Ends Drone Delivery in California, Here’s Where It’s Going Next
This new location will allow for quicker, same-day delivery.