8 April, 2013 Justin King Sainsbury's, the UK supermarket giant, has denied reports it could lose its boss to Formula 1. Last week, Formula 1 chief executive Bernie Ecclestone failed to deny rumours Sainsbury's Justin King is being lined up to replace him. 'I've no idea whether the boss of a company like Sainsbury's could do my job,' the 82-year-old told the Guardian. 'Maybe he could.' A Sainsbury's spokesman has now replied: 'This is pure speculation. 'Justin's made his commitment to the business clear and is excited about Sainsbury's long-term prospects for growth. Any discussion of succession is entirely premature.' Notably this story broke on April Fool's day.
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