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Food and drink businesses hear from Mike Coupe, CEO of Sainsbury’s

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A dinner recently hosted by Clarion, Mazars and Santander highlighted some of the issues and opportunities currently facing businesses in the food and drink sector. Held at the newly opened - and highly acclaimed - Grantley Hall Hotel in North Yorkshire, 40 representatives from companies across the region, as well as nationally and internationally, gathered to enjoy dinner, network, and hear from Mike Coupe, CEO of Sainsbury’s, and Stuart Bennett, Head of G10 FX Strategy at Santander.

The event was a great success and Mike provided guests with a fascinating and valuable insight into some of the opportunities and challenges that Sainsbury’s is facing, and their consequent impact on food and drink manufacturers. Key themes included the changes in the UK retail market from consumers, who are in the midst of a demographic, lifestyle, environmental and technological evolution, which is forcing retailers to adapt in order to thrive and build market share; the impact of discounters; and the drive for Sainsbury’s to put its customers first by competing on price, innovation and its online offering.

Stuart gave a rundown of general economic themes and recent events in the FX Market, with particular focus on recent downgrades to global economic growth and the response of financial markets.

Both Mike and Stuart also ran interactive Q&A sessions, which gave guests a unique opportunity, under the Chatham House Rules, to put questions directly to them on a wide array of topics, ranging from the impact of current Chinese trade tariffs and forecasted currency exchange fluctuations, to the support that Sainsbury’s is able to provide for suppliers, and its appetite for new and innovative products which consumers are now seeking.  The lively discussions which flowed gave guests plenty of food for thought and stimulated considerable discussion and networking throughout the evening.

Commenting upon the evening, David Williams of Clarion said “Together with Mazars and Santander, we are delighted to have been able to offer our food and drink sector client and contacts such a discrete and personal opportunity to network with each other and hear words of wisdom from such highly talented and leading individuals as Mike and Stuart.”

To learn more about Clarion’s experience and legal support for businesses in the food and drink sector, and to be invited to future events, please contact David Williams at david.williams@clarionsolicitors.com.

Disclaimer: Anything posted on this blog is for general information only and is not intended to provide legal advice on any general or specific matter. Please refer to our terms and conditions for further information. Please contact the author of the blog if you would like to discuss the issues raised.