J Sainsbury PLC Buys Aimia's UK Business
February 01 2018 - 5:53AM
Dow Jones News
By Oliver Griffin
J Sainsbury PLC (SBRY.LN) said Thursday that it has acquired all
of U.S. company Aimia Inc.'s (AIM.T) U.K. business for 60 million
pounds ($85 million).
Sainsbury's has now acquired all the assets, employees, systems
and licenses for the full and independent operation of its U.K.
Nectar loyalty program, it said.
Sainsbury's said that acquiring Nectar supported its strategy of
knowing its customers well that there would be no change for
customers as a result of the acquisition.
Write to Oliver Griffin at oliver.griffin@dowjones.com
(END) Dow Jones Newswires
February 01, 2018 06:38 ET (11:38 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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