Sainsbury's Coupe says exit not due to failure of Asda deal
Share:
LONDON (Reuters) - 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.Asked by BBC radio if he was paying the price for that deal not happening, Coupe said: "No, absolutely my choice.""If you looked at our AGM (annual general meeting) last year, 99.5% of our..