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Sainsburys CEO caught singing were in the money before Asda merger announcement

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Well, somebody is happy today.

The chief exectutive of Sainsburys was caught singing were in the money while waiting to do a TV interview announcing his companys £12 billion merger with Asda.

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Mike Coupe has apologised for his unguarded moment after facing criticism – the merger will lead to redundancies across both companies.

He was singing the 42nd Street musical number as he was waiting to be interviewed for ITV.

Sainsburys share rocketed by 20% this morning when news of the merger broke but the company deny the CEOs song choice was down to the deal.

Sainsbury's CEO caught singing 'we're in the money' before Asda merger announcement
Sainsburys CEO happily singing a ditty on camera (Picture: ITV)

A spokesperson for Sainsburys told Mail Online: Mike was composing himself between interviews. As many of us do, he was singing songs to himself to clear his mind.

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He recently saw 42nd Street, where this song is from and we all know these songs stay in your head.

To attach any wider meaning to this innocent, personal moment is preposterous.

The merger would create Britains biggest supermarket company, overtaking Tesco, but stores could be forced to close for the government monopolies watchdog to allow it to go ahead.

Julie Danks-Baker said on Facebook: In Sainsburys today I was told the redundancies have already started. 16 managers, supervisors & team leaders have to apply for the remaining 4 jobs.
I dont work there but I feel sorry for them. They will start with the top then move down getting rid of staff.

However, Holly Perry, backed up the CEOs excuse about the song being an ear-worm of the highest order.

She said: He probably just went to see 42nd Street in the West End – I went a few weeks ago and was humming this song for ages afterwards!

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