Private shareholders in Sainsbury’s berated the board of the British supermarket chain at its annual meeting on Thursday over its failed takeover of rival Asda, as well as a share price slump and what it pays its boss.
Innovaderma, the company behind makeup label Stevie K and Skinny Tan, has announced plans to launch its brands in new territories and branch out into new categories after seeing a 21% increase in revenue in 2019.
Sainsbury's can't seem to catch a break. As some rivals in the UK supermarkets sector start to recover, the company has turned in another sales fall and even its previously resilient fashion offer's sales dropped in Q1.
Walmart, the world's biggest retailer, said it is considering a stock market listing for its British supermarket arm Asda, whose attempt to combine with rival Sainsbury's was blocked by the UK regulator last month.