Sainsbury's is dropping its Brand Match scheme to focus on lowering everyday prices in their supermarkets.Read the full story ›
Supermarket giant Sainsbury's has apologised to a customer who was refused black pudding with his fry-up due to the chef's religion.Read the full story ›
Sainsbury’s has bought out the Argos owner Home Retail Group for £1.2 billion.
The deal comes after four months of tough negotiations which saw South African rival Steinhoff abandon its bid to buy the group earlier today
Sainsbury’s said the buyout would allow it to become a "world-leading" retailer as the supermarket sector comes under intense competitive pressure, and will create £160 million of cost savings.
The UK grocery retail industry is undergoing a period of intense change in customer shopping behaviour and in the competitive environment.
We will create a multi-product, multi-channel proposition with fast delivery networks that we believe will be very attractive to the customers of both businesses."
Supermarket Sainsbury's beat expectations on Tuesday as it announced its first sales increase for two years.Read the full story ›
Sainsbury's could be drawn into a bidding war for Home Retail Group after it was announced the Argos owner is considering a rival offer from a South African-based retailer.
Steinhoff, which makes furniture, made the approach to the Home Retail board earlier today.
They are now reviewing the proposal and have asked shareholders to take no further action.
The news comes after Home Retail had previously said it was willing to recommend the Sainsbury's bid which valued the company at £1.3 billion.
Supermarket chain becomes first UK retailer to stop promotions which it said can be confusing and force people to buy more than they need.Read the full story ›
Supermarket giant Sainsbury's has tabled a proposed bid to take over Home Retail Group - the owners pf Argos and DIY chain Homebase - in a deal worth up to £1.3 billion, the retailer said.
Sainsbury's had an initial approach for Home Retail Group rejected in November, but the two sides were locked in negotiations over the weekend.
Sainsbury's boss Mike Coupe said a potential tie-up would create the UK's largest non-food store, a £6 billion giant.
But analysts question whether Sainsbury's might be biting off more than it can chew by taking on Argos.
ITV News Business Editor Joel Hills reported that shareholders in Home Retail Group would receive a 12% stake in the new business once a deal is finalised.
Sainsbury's agrees a deal to buy Argos from Home Retail Group. Paying £440m and giving HRG shareholders 12% stake in new business.
Sainsbury's Mike Coupe believes the financial terms of the deal are so "compelling" that shareholders from both companies will back it.
Chief among Mr Coupe's plans will be to leverage the power of Argos's online business and strong customer appetite for its click & collect service.
He also hoped to launch a raft of Argos concessions in Sainsbury's supermarkets in an effort to boost footfall.
Customers have been told to return Sainsbury's own brand wholemeal bread to the supermarket after fragments of metal were found in loaves.Read the full story ›
Andrew Cao and his wife were horrified to find a slimy grub when they tucked into a packet of luxury biscuits.Read the full story ›