Sainsbury's CEO Mike Coupe caught jubilantly singing between TV interviews in light of Asda merger
Mike Coupe was filmed singing the tune while in between TV interviews to discuss the £12billion deal, which it is feared could result in job losses.
The ITV exclusive video shows the CEO wearing a suit as he waits for the next interview to start.
He begins singing: "We're in the money, the sky is sunny.
"Let's send it, lend it, spend it rolling along.
"We're in the money, the sky is sunny.
"Let's send it, lend it, spend it rolling along."
Coupe has now been forced to apologise for the gaffe – claiming it was because he had seen musical 42nd Street last year, which is where the song comes from.
He said: "This was an unguarded moment trying to compose myself before a TV interview.
"It was an unfortunate choice of song, from the musical 42nd Street which I saw last year and I apologise if I have offended anyone."
The merger between Asda and Sainsbury's will create the UK's biggest supermarket chain with around 31 per cent of the grocery market.
The new supermarket group will have combined revenues of £51billion and will aim to generate £500million in cost savings.
After the deal was announced, Sainsbury's shares rocketed by 20 per cent.
There are fears the deal could cost jobs and branch closures – although both companies have denied this.
A Sainsbury's spokesman said: "Mike was composing himself between interviews. As many of us do, he was singing songs to himself to clear his mind.
"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."
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