LANDOVER, Md. (FNS) -- J. Sainsbury, the U.K.'s leading supermarket operator, is planning to increase its stake in Giant Food here and is also making plans to accelerate the chain's expansion.
Those objectives were disclosed in statements made in London by David Sainsbury, chairman, and by other Sainsbury executives.
Sainsbury late last year agreed to acquire 50% of the voting common stock and 16% of the nonvoting equity in the 159-store Giant chain. Sainsbury is acquiring the