Wednesday, Mar 26, 2008
The New Empire
Telegraph: Sainsbury strikes £1.2bn deal with British Land
These are not supermarkets they are empires that control everything from the food on your table, the furniture in your home and garden, the fuel in your car, your bank account and now the land that you stand on. Maybe they even control interest rates so you can keep on shopping.
Posted by yoyo1 @ 09:48 AM (199 views) Add Comment
1 Comment
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1. iguana said...
No yoyo, I do not see this as a conspiracy in the making, just a good old fashioned tax dodge with the added advantage of insulating Sainsbury from any potential hostile bid. The 'sale and leaseback' may be old hat but it can still pay.