The specific reason for wanting to merge was to lower prices for customers, the CMA's conclusion that we would increase prices post-merger ignores the dynamic and highly competitive nature of the UK grocery market. The CMA is today effectively taking 1 billion pounds out of customers' pockets.

Mike Coupe

More Quotes by Mike Coupe
More Quotes From Mike Coupe

First, as of today, there's no sign the grocery market is going to return to volume growth and that would be a tipping point, second, there's no sign that there will be food inflation coming through in the next period, so the market dynamics are going to be extremely squeezed.

Mike Coupe

We have outperformed by about 1 percent a year for the past five years and I would expect that to be the case in the future.

Mike Coupe

So far, so good.

Mike Coupe

Sale and leasebacks are just another form of debt, and very expensive debt. We're 60 percent freehold, and we believe it would be the wrong way to fund the business.

Mike Coupe