UK: Sainsbury's, Boots may abandon JV
The two companies have been testing a joint venture whereby Boots takes over the whole health and beauty range in large, out-of-town Sainsbury's stores. Trials have taken place in nine stores since October 2001.
Both companies have become frustrated over the trial's progress. Both the chairman and chief executive of Boots are leaving, which has delayed decision-making and made forward planning difficult, reported the Independent.
Another obstruction the venture faces is a submission to the Office of Fair Trading. A retail analyst told the paper: "I don't think the OFT would have been terribly keen to see Boots' market share of around 33 per cent added to Sainsbury's share. The deal would also have removed Sainsbury's as a competitor."
While Sainsbury's concentrates on a bid for Safeway, its joint venture with Boots may no longer be a priority. Sainsbury's said it is still in discussions with Boots.
Supermarket Sainsbury has reported a rise in total sales of 5.7% (5.3% excluding petrol) for the 12 weeks to 18 June 2005....
UK supermarket J Sainsbury plc today (Thursday) announced that Gwyn Burr has been appointed customer director on the company's operating board....
UK supermarket J Sainsbury plc has announced a sharp fall in profit for the year ended 26 March 2005, but said its recovery plan was on track....
Supermarket Tesco further increased its lead in the UK grocery market in the twelve weeks to 24 April 2005, according to market analysts TNS. Sainsbury managed a small rise, while Wal-Mart's Asda and ...
Supermarket chain Safeway has reported net income of $131.3mfor the first quarter ended 26 March 2005 compared to $43.1m for the first quarter of 2004....
UK supermarket group J Sainsbury has announced the acquisition of SL Shaw Ltd, a neighbourhood convenience store operator with five stores in the south east of England....
Supermarket Safeway is today (Wednesday) opening a new $175m distribution centre in Auburn, Washington, the culmination of a 2 1/2 year project which it says solidifies its position in the north west....
Not content with pocketing one in every three pounds spent on groceries in the UK, the supermarket giant Tesco has now become the first British retailer to smash the £2 bn ($3.78bn) profit barrier. Ho...
- What US companies might Nomad Foods buy?
- Challenges for General Mills with The Good Table
- Why investors are concerned about water risk
- Competition intensifies among UK burger chains
- Greek crisis - The impact on shopper behaviour
- Just Mayo under fire from US FDA after complaint
- B&G Foods "front-runner for Green Giant"
- FrieslandCampina H1 earnings up despite flat sales
- Brownes Dairy "attracts eight suitors"
- General Mills to work on artificial ingredients
- Management briefing: just-food’s industry outlook for 2015
- Food Flavourings & Colourings (UK) - Industry Report
- Nestle USA, Inc.: Consumer Packaged Goods - Company Profile & SWOT Analysis
- Bakery Market in Japan: Forecast, and Market Analysis 2015-2019
- Probiotic Ingredients Market by Function, Application, End Use, Ingredient, and by Region - Global Trends & Forecast to 2020