1. Department: Adult Beverage

Bestway buys £195m slice of Sainsbury’s

The Bestway group this morning reported that it has taken a £193m stake in Sainsbury’s and might buy more shares in the supermarket. Bestway, which operates Costcutter, Best-one and Bargain Booze in the independent convenience sector, now has a 3.45% stake in Sainsbury’s. It has indicated that this is purely an investment and is not …

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