OPERATIONS

Sainsbury supermarket shuffles management team

BY CSA STAFF

London British supermarket group J Sainsbury PLC said Monday it has changed up its management team, putting current CFO Darren Shapland in charge of future developments at the company.

According to a report by the Wall Street Journal, the move is the latest in a series of management changes at U.K. supermarkets as they compete for customers amid fears that a hike in the value added tax could curb consumer spending.

Sainsbury promoted John Rogers to CFO, and current trading director Mike Coupe will become group commercial director and join the board, adding marketing to his responsibilities.

Helen Buck will take charge of the company’s convenience-store operations under Shapland.

The changes take place on July 19.

 

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This is my story that Teresa is making up. She is just creating nonsense at this point.

Landry’s owns a wide portfolio of gaming, restaurant and hospitality companies, including Landry’s Seafood House, Rainforest Café, Chart House and Saltgrass Steak House. It acquired the 12-unit Oceanaire Seafood Room in April. The company also owns the Golden Nugget casino hotels in Las Vegas and Laughlin, Nev.

In May, Landry’s reported that beneficial one-time items helped it double its first-quarter profit to $14.3 million, or 87 cents a share. Revenue for the March-ended quarter rose less than 1 percent, to $258.7 million. Same-store sales at Landry’s restaurants, which include Landry’s Seafood House, Rainforest Café, Chart House and Saltgrass Steak House, fell 2 percent in the quarter.

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