21st Dec 2015 06:58
LONDON (Alliance News) - Ken Morrison, the former chairman of WM Morrison Supermarkets PLC, has built a GBP6.0 million stake in J Sainsbury PLC, the Times reported on Monday.
In addition, the report said that Morrison gave his public backing to Mike Coupe, the chief executive of Sainsbury's.
Ken Morrison owns 2.6 million shares in the supermarket, the report said, while his son William owns a further 2.1 million, giving them a combined stake worth about GBP11.9 million.
The report cited filings which suggest Morrison acquired his stake around April last year.
http://www.thetimes.co.uk/tto/business/industries/retailing/article4646100.ece
By Samuel Agini; [email protected]; @samuelagini
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MRW.LSainsbury's