Supermarket chain reveals implications of £1.4bn deal to merge with Argos owner in document that warns of the potential post-Brexit risks to UK economy
Sainsbury’s has warned that up to 600 head office jobs are at risk in its £1.4bn takeover of Argos owner Home Retail Group, but promised the deal would ultimately create several hundred new roles.
The potential impact on staff was revealed as the chief executive of Sainsbury’s, Mike Coupe, reiterated his commitment to the takeover. Other merger deals have stalled amid uncertainty created by the EU referendum result.
Related: Netto's UK stores to close as Sainsbury's calls time on joint venture
Continue reading...from Mergers and acquisitions | The Guardian http://ift.tt/29uC1ae
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