Sainsbury’s CEO caught singing ‘we’re in the money’ while waiting for merger interview

Sainsbury’s CEO caught singing ‘we’re in the money’ while waiting for merger interview

The CEO of Sainsbury’s has apologised after he was caught on camera singing “we’re in the money” following the Asda merger announcement.

In the wake of the £12 billion deal between the two grocery giants, Mike Coupe was filmed singing some of the musical theatre tune in between interviews.

Mr Coupe sang “we’re in the money, the sky is sunny, let’s lend it, spent it, send it rolling along” and appeared to look down the lens of the camera at one point as he did so.

He said in a statement following the revelation that it was “an unguarded moment” as he tried to compose himself before a television interview.

“It was an unfortunate choice of song, from the musical 42nd Street which I saw last year and I apologise if I have offended anyone,” Mr Coupe added.

Asked by Channel 4 News whether he will personally be in the money as a result of the merger and what is in it for him, he said: “I am a big shareholder in Sainsbury’s, my shareholding is a matter of public record, you can see how many shares I own.

“It is unfortunate I was caught singing, as I say I was relaxing at the time – this is an incredibly stressful day and maybe it was an unfortunate choice of song.”

- Press Association & Digital Desk

More on this topic

Airbus seeks 737 Max chanceAirbus seeks 737 Max chance

Sterling drops as Bank of England cuts UK growth tip to zeroSterling drops as Bank of England cuts UK growth tip to zero

Pret a Manger buys rival Eat to expand vegetarian brandPret a Manger buys rival Eat to expand vegetarian brand

B&Q owner Kingfisher misses targets for sales growthB&Q owner Kingfisher misses targets for sales growth

More in this Section

Thousands of festival-goers flee fire on Croatian islandThousands of festival-goers flee fire on Croatian island

Two dead as building collapses in MumbaiTwo dead as building collapses in Mumbai

Brexit deadline could be extended, says European Commission candidateBrexit deadline could be extended, says European Commission candidate

EU top job candidate ‘would grant further Brexit extension if necessary’EU top job candidate ‘would grant further Brexit extension if necessary’


Lifestyle

Tea dunking is not just for cosy winter evenings. Biscuits are handy in the summer months for picnics or to keep you going on long hikes.Michelle Darmody's tricks for perfect home made biscuits

Apply sunscreen throughout the day, says Helen O’CallaghanBurning issue: Children's skin needs added protection from the sun

Skincare guru Dr Raj Arora explains how this cleansing technique can make a big difference.Why you should follow the 60 second rule when washing your face, according to an expert

Karen Murray visited the island which is the smallest country in EU.Malta proves the best things come in small packages

More From The Irish Examiner