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CEO caught on TV singing 'We're in the Money' after takeover

01 of May 2018

Trolleys stand stacked together inside the Sainsbury's flagship store in the Nine Elms area of London, Monday, April 30, 2018. Sainsbury's has agreed to buy Walmart's U.K. unit, Asda, for 7.3 billion pounds ($10.1 billion) in cash and stock in a deal that would create Britain's largest supermarket chain and marks a profound shift in the country's grocery market. (AP Photo/Matt Dunham),Trolleys stand stacked together inside the Sainsbury's flagship store in the Nine Elms area of London, Monday, April 30, 2018. Sainsbury's has agreed to buy Walmart's U.K. unit, Asda, for 7.3 billion pounds ($10.1 billion) in cash and stock in a deal that would create Britain's largest supermarket chain and marks a profound shift in the country's grocery market. (AP Photo/Matt Dunham)

Sainsbury's CEO has apologized after being caught on camera singing 'We're in the Money' following purchase of Walmart's British unit, Asda. Mike Coupe was preparing for an ITV interview to discuss the 7.3 billion pound ($10.1 billion) deal when caught on camera singing the tune from the musical '42nd Street.'

LONDON (AP) — The CEO of British supermarket chain Sainsbury’s has apologized after being caught on camera singing ‘We’re in the Money’ following the takeover of Walmart’s unit Asda.

Mike Coupe was preparing for an ITV interview to discuss the $10 billion deal when caught on microphone singing a song from the musical ’42nd Street.’

Coupe sang “we’re in the money, the sky is sunny, let’s lend it, spend it, send it rolling along.” He later described it as “an unguarded moment” before settling down to speak.

He says it was “an unfortunate choice of song from the musical … I saw last year and I apologize if I have offended anyone.”

The value of Coupe’s 1.28 million shares in Sainsbury’s rose over half a million pounds ($750,000) Monday after the deal’s announcement.