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A Sainsbury spokesman confirmed that Harding was leaving Britain's third biggest supermarket group.
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Tesco, Britain's biggest supermarket group, also said it had been asked to provide information.
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Britain's biggest supermarket said it would spend more than 200 million pounds lowering prices.
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He co-founded the business in 1957 and built it into Italy's fourth- biggest supermarket chain.
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The tie-up would see the combined group overtake Tesco as Britain's biggest supermarket group.
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The UK's biggest supermarket chain, Tesco, has reported its first fall in profits since 1994.
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The bankruptcy ends the grand entrance onto the U.S. stage of Britain's biggest supermarket chain.
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The announcement of the job cuts comes during a difficult week for the UK's biggest supermarket.
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Last year Britain's biggest supermarket issued four profit warnings, sending its shares to a 14-year low.
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He also controls ParknShop, the city's biggest supermarket chain, and one of its largest cellphone companies.
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THE new managing director of Woolworths has vowed big changes are coming to Australia's biggest supermarket.
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Australia's two biggest supermarket chains certainly seem optimistic.
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So why did this time of bounty turn into a profit downturn for Australia's biggest supermarket?
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If it goes ahead, the combined giant will overtake Tesco TSCO.L as Britain's biggest supermarket group.
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The combination could overtake market leader Tesco as Britain's biggest supermarket group and although Morrisons would become No.
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During the first six of those years he worked with Hampton, then chairman of Britain's third biggest supermarket.
