Sainsbury’s shares rocket: Investors eye supermarket’s property portfolio August 23, 2021 Sainsbury’s shares were up 15 per cent cent after reports that a private equity giant is poised to launch a bid topping £7bn. Shares in J Sainsbury rose by 15 per cent on Monday to 338.89p, after closing on 294.70p. Apollo Global Management is reportedly considering a bid for the supermarket after previously losing out [...]
Deliveroo and Sainsbury’s expand partnership nationwide April 13, 2021 Deliveroo and Sainsbury’s will expand their partnership nationwide, following a successful trial that saw Sainsbury’s become available to order from via the Deliveroo app from 10 stores. The expansion includes 22 new stores in London, with the remaining stores spread nationally, including in Liverpool, Newcastle, Leeds, York, Aberdeen and Glasgow. In total, 100 Sainsbury’s [...]
Former Sainsbury’s boss backs Ellie Goulding’s hard seltzer brand July 6, 2021 Former Sainsbury’s chief executive Justin King has made a “significant” investment in Ellie Goulding’s hard seltzer drinks brand and joined the board as a senior adviser. Served, which was founded by brothers Dean and Ryan Ginsberg last year, has seen its revenue surge in recent months and was valued at £13.6m after a funding round [...]
230 Argos jobs at risk as owner Sainsbury’s closes distribution site April 21, 2021 Argos has said it is set to close its Somerset distribution site, putting 230 jobs at risk at the retailer’s Bridgwater warehouse. The company said it is “committed to fight to save as many jobs as possible” after the site was earmarked for closure next year. Argos owner Sainsbury’s has confirmed that the depot is [...]
Sainsbury’s to enforce masks and shopping alone in Covid crackdown January 11, 2021 Sainsbury’s has become the second British supermarket to ban customers who refuse to wear a face mask amid a crackdown on Covid rulebreakers. The chain said shoppers will be prevented from entering without a face mask, while shopping in groups will also be banned. Sainsbury’s will put trained security guards at the front of stores [...]
A very merry Christmas: Sainsbury’s upgrades full year profits to £720m thanks to retail boom January 12, 2022 Sainsbury’s has reported a very merry Christmas this morning, upgrading its pre-tax profits for the full year to £720m.
Sainsbury’s to forgo business rates relief December 3, 2020 Sainsbury’s has decided to forgo the business rates relief on its stores granted by the government since March. Lockdown restrictions have remained in place for longer than originally expected and throughout the pandemic all Sainsbury’s stores have been deemed essential retail. Almost all have been open and trading strongly, with the exception of a small [...]
Sainsbury’s warns of gaps on shelves if Dover chaos is not sorted December 21, 2020 Sainsbury’s has warned that gaps will start to appear on shelves within days if transport ties are not quickly restored with mainland Europe. The transport of freight across the English Channel has been disrupted after France suspended travel links with Britain yesterday to try to curb a new faster spreading strain of Covid-19. The supermarket [...]
Sainsbury’s bags Christmas sales rise after online shopping boost January 7, 2021 Sainsbury’s today posted a strong rise in sales over Christmas as a record number of customers bought their shopping online. The supermarket chain said like-for-like sales were up 9.1 per cent during the festive period, despite people holding smaller gatherings due to lockdown measures. The company said it sold smaller turkeys and more beef and [...]
Sazka taps former Sainsbury’s boss Justin King for National Lottery bid January 14, 2021 European lottery group Sazka has tapped former Sainsbury’s chief executive Justin King to advise on its bid for the UK National Lottery licence. King, a veteran retail executive who also serves as vice chairman of private equity firm Terra Firma, is the first appointment to a new advisory board working on Sazka’s tender. He will [...]