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Sainsbury's Coupe says exit not due to failure of Asda deal
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Sainsbury's Coupe says exit not due to failure of Asda deal
The boss of British supermarket group Sainsbury's , Mike Coupe, said he was not stepping down in May because of his failure to buy rival Asda last year. Sainsbury's agreed 7.3 billion pound ($9.6 billion) deal for Walmart owned Asda was blocked by Britain's competition regulator in April. Coupe, who is 60 this year, has been at Sainsbury's for 15 years, six as chief executive.
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