Sainsbury’s shares jumped 14 per cent on Monday following reports that US private equity firms are planning to launch high-value bids for the supermarket retailer.
According to The Sunday Times, American companies could bid over £7 billion for the chain, which is the UK’s second largest supermarket.
The newspaper said that private equity businesses, including New York-based Apollo Global Management, were circling the British supermarket.
Apollo has reportedly been scouring the British supermarket industry after being outbid for Asda last year.
The report comes after UK supermarket Morrisons, the fourth biggest supermarket in Britain, agreed to a £7 billion offer from Clayton, Dubilier & Rice.
The bid trumps a £6.3 billion offer from a group of investors, including Fortress Investment Group, which was accepted by the supermarket chain last month.
It has also been reported that Apollo is in discussions with the Fortress-led investment consortium about joining the bid for Morrisons.
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Poundland significantly reduces antisocial behaviour, aggression and shoplifting with Motorola Solutions VT100 body cameras
Retail should not be a high-risk occupation. As a company, we are focused on listening to our colleagues and customers to help them with the issues they are facing in-store and so far, the feedback on our body cameras has been excellent. They act as a great visual deterrent, help to de-escalate situations and overall, this project has significantly aided our goal to make the retail environment safer.
For further information on Motorola Solutions’ retail security products, including body cameras, click here.
For further information on Motorola Solutions’ retail security products, including body cameras, click here.
Supplying demand: how fashion retailers can meet the needs of customers and still be sustainable
The fashion industry is no stranger to breaking the mould and setting trends, but the pursuit of style can come at a huge cost to the environment.
New legislation, such as the European Union's Ecodesign for Sustainable Products Regulation, will set mandatory minimums for the inclusion of recycled fibres in textiles, making them longer-lasting and easier to repair.
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