Sainsbury’s boss says suppliers should take hit over falling pound

Mike Coupe speaks out as supermarket group reports 10% slide in pre-tax profit to £277m in the 28 weeks to 24 SeptemberThe chief executive of Sainsbury’s has warned major suppliers that they should be taking the hit on any cost increases resulting from the falling value of the pound, rather than trying to pass on price rises to retailers and shoppers.Mike Coupe fought back against widely reported price rise demands from large grocery brand owners, such as Unilever – the owner o