Sainsbury’s Bank chairman Roger Davis steps down February 12, 2020 Sainsbury’s Bank has started a search for a new chair after Roger Davis told the board he intends to step down from the role. Davis has chaired the bank’s board for almost seven years. Sainsbury’s said the search to find Davis’s replacement had begun and that further announcements regarding the timings of his retirement and [...]
Sainsbury’s CEO Mike Coupe to retire after six years January 22, 2020 Mike Coupe is set to retire as chief executive of Sainsbury’s after six years at the helm, the company revealed today. The CEO will leave the role in May before retail and operations director Simon Roberts takes charge in June. Mike Coupe said leaving had been a “very difficult decision for me personally”. Read more: [...]
Founder of fashion delivery firm Clipper tables £300m takeover bid November 19, 2019 The founder of Clipper Logistics, which provides delivery services for online retailers such as Asos and John Lewis, is said to be preparing a £300m bid to take the company private. Read more: Asos to boost Black Friday offers after poor trading last year Steve Parkin, who founded Clipper in 1992, has approached fellow board [...]
Two Sainsbury’s executives to step down in boardroom shake up October 29, 2019 The new chairman of Sainsbury’s is planning a major boardroom reshuffle as the UK’s third-biggest supermarket tries to move on from the collapse of its planned £15bn merger with Asda. Read more: Sainsbury’s heir to the thrown quits to join media powerhouse WPP Google’s Europe operations chief Matt Brittin and ex-Marks and Spencer executive Jean [...]
Tesco CEO Dave Lewis quits as supermarket declares turnaround ‘is complete’ October 2, 2019 Tesco chief executive Dave Lewis is stepping down from the Big Four supermarket, it revealed today as it declared its turnaround is complete. The CEO will leave the business next summer after chairman John Allan said he had accepted his resignation letter “with regret”. Read more: Tesco sells mortgage arm for £3.8bn Lewis called the [...]
Joules defies retail anguish with growth across the board July 23, 2019 Clothes store Joules this morning announced a double-figures spike in profit despite tough high street conditions. The full-year results will be the last for outgoing CEO Colin Porter, who said the firm was “well-positioned for continued success”. Read more: Joules lures in top Asda director as new chief executive The figures Pre-tax profit rose 14.9 [...]
Shareholders vote to back Coupe in Sainsbury’s showdown July 4, 2019 Under-fire Sainsbury’s boss Mike Coupe was lambasted by shareholders at a tense investor showdown earlier today, as the supermarket chain faced a set of tough questions following a torrid 12 months. Disgruntled shareholders slammed Coupe and the board at the firm’s annual general meeting (AGM) over its falling share price, which has plunged by almost [...]
Joules lures in top Asda director as new chief executive May 8, 2019 Fashion group Joules has poached retail veteran Nick Jones to take over as chief executive, it announced this morning. A former top director at Marks & Spencer and Asda, Jones has spent 25 years working within the retail industry. Read more: Prime retail rents slip for embattled high street landlords After 15 years with M&S, latterly [...]
Is it time for Mike Coupe to check out as Sainsbury’s boss? May 1, 2019 Mike Coupe was met with rapturous applause from his fellow directors when he stepped up to the microphone this morning, as he hailed the coming of an era in Sainsbury’s history that would see it thrive having merged with long-time rival, Asda. Coupe spoke boldly about price cuts and cost savings, and finished with a [...]
City Moves for 1 May – Who’s switching jobs at Mirriad, Discoverie Group and SCS Group? May 1, 2019 Today's City Moves includes Mirriad, Discoverie Group and SCS Group. Mirriad Mirriad, the computer vision and AI platform company, has announced abBoard change as Stephan Beringer, chief executive officer, continues his strategic refocusing of the business. John Pearson is appointed to the role of non-executive chairman, with effect from 30 April. He was previously appointed [...]