Blog: Petah MarianSainsbury's Shapland loss will be deeply felt

Petah Marian | 9 May 2011

Sainsbury's has lost a key member of its executive team, as it announced the surprise resignation of development director Darren Shapland today (9 May).

The announcement of his departure, just two days ahead of the Sainsbury's full-year results presentation on Wednesday, is likely to fuel speculation over the coming 48 hours over how the move will impact the UK's third-largest grocer's strategy.

Strategically, the loss of Shapland is likely to be deeply felt, as he has been the driver behind the retailer considering expansion into international markets, as well as leading its two major expansion drivers in recent years - convenience and property, in addition to being responsible for its banking division (a role he will still hold as non-executive chairman).

Not only this, he has been tipped as a possible successor to current chief executive Justin King.

With analysts already making their concerns about Sainsbury's results known, the announcement will likely add to the questions the City has over the retailer's outlook.

 


BLOG

Unilever and Danone continue B Corp push

Unilever and Danone are two of the largest food companies to have embraced the B Corp certification and over the last 24 hours have made fresh announcements....

BLOG

General Mills trials new way of buying Haagen-Dazs

On Friday (7 September), ice-cream lovers in part of central London were able to order Häagen-Dazs on their phones - and have it delivered directly to them, wherever they were....

BLOG

just-food closed on Monday 27 August

As I type, grey skies cover south-east London, with drizzle hitting the windows - but the forecast is set fairer for tomorrow when the country has its final public holiday before Christmas Day....



Forgot your password?