Sainsbury’s boss Mike Coupe misses out on payday perks June 4, 2015 Sainsbury’s chief executive Mike Coupe missed out on an annual bonus last year after the supermarket chain failed to meet sales and profit targets. The retailer’s annual report published yesterday revealed that Coupe’s annual pay package dropped to £1.5m in the year to March, down from £2m the previous year, when he was still commercial [...]
Sainsbury’s believes chief exec Mike Coupe’s travel fears are over after Egypt drama April 29, 2015 Sainsbury’s said last night it was confident that chief executive Mike Coupe no longer faced travel restrictions to countries with extradition treaties with Egypt after flying to the country this weekend to appeal against allegations of embezzlement. In a bizarre case dating back to Sainsbury’s disastrous foray into the country 16 years ago, Coupe [...]
Sainsbury’s vs Egypt: The four key numbers behind Mike Coupe’s legal row April 29, 2015 Sainsbury's today denied that chief executive Mike Coupe tried to seize cheques linked to the collapse of an Egyptian business the supermarket invested in 16 years ago. This comes after his sentencing to two years in prison amid allegations of embezzlement by an Egyptian court. Coupe was found found guilty in absentia after he failed to [...]
Sainsbury’s share price drops after chief executive Mike Coupe is sentenced to two years in an Egyptian jail April 29, 2015 Sainsbury's has strongly denied any wrongdoing after its chief executive Mike Coupe was sentenced to two years in prison for alleged embezzlement. Coupe was compelled to attend a court hearing in Giza, Egypt in September after he was accused of attempting to seize cheques linked to a business the supermarket invested in 16 years ago. [...]
New Sainsbury’s boss Mike Coupe is on the right road by clamping down on this spending – Bottom Line November 10, 2014 It takes one to know one – and thus I can confidently declare that ex-Sainsbury’s boss Justin King is a contrarian. As the kind of fool who has a tenner on Arsenal to win this season’s Champions League, I am instantly able to recognise the delight he must feel by saying things like “there’s nothing [...]
Sainsbury’s new boss Mike Coupe blames “perfect storm” for sales drop October 1, 2014 Sainsbury's new chief executive said that a “perfect storm” of effects had plunged sales further into the red in the second quarter as the supermarket retailer cut its full-year sales forecast and warned that it might review its dividend. In his first official trading update since taking over from Justin King in July, Mike [...]
Mike Coupe: Three things you didn’t know about Sainsbury’s CEO July 14, 2014 Chief executive of Sainsbury’s Mike Coupe 1 He describes himself as a “keen but average guitarist” and prepared for his new job by going to Glastonbury with his wife. 2 He enjoys cycling and recently completed the London to Brighton race in aid of the British Heart Foundation 3 He has a cat called Gretchen, [...]