By John Glenday

As if declining retail sales weren’t enough of a headache Sainsbury’s chief executive Mike Coupe now faces a second challenge after being convicted of embezzlement by an Egyptian court, a charge which could see him serve two years in jail should he set foot in the country.

The case hinges on an alleged attempt to seize cheques from a local business Sainsbury’s had invested in 16 years ago, something the court held Coupe responsible for as the most senior employee of the business.

Coupe was convicted by default of the crime after failing to turn up to court hearings, although Sainsbury’s has Read full story ›

Source: The Drum