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Sainsbury's hints at International expansion as profits grow

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Old 11-11-2010, 03:17 AM
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Default Sainsbury's hints at International expansion as profits grow


Sainsbury's has revealed it may expand into India as part of a major push abroad after the grocer posted a betterthanexpected 36.3 per cent rise in half-year profits.

It's the first time Britain's third biggest grocer has unveiled details about its international growth plans after sending a team to Shanghai three months ago to take stock of the booming Chinese market.

India and China are shaping up to be the new battle ground for Britain's food retailers after new Marks & Spencer boss Marc Bolland this week made the two markets the cornerstone of his growth strategy.


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