Saturday August 8, 2020

Sainsbury shakes up UK retail landscape with Home Retail bid

Grocer has until February 2 to decide whether to make a formal offer owner of Argos

6th January, 2016

The UK retailing landscape just shifted.

Beset by competition from discounters and online encroachment from the likes of Amazon, Sainsbury chief Mike Coupe has decided that the best plan is to fight his way out of a corner. His rejected advance on Home Retail Group marks a shift in strategy for a profit-challenged industry that has mostly avoided consolidation as a means of growth.

“Sainsbury’s approach serves as a reminder of the weakness of UK...

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