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J Sainsbury plc, trading as Sainsbury's, [a] is a British supermarket and the second-largest chain of supermarkets in the United Kingdom.. Founded in 1869 by John James Sainsbury with a shop in Drury Lane, London, the company was the largest UK retailer of groceries for most of the 20th century.
John James Sainsbury was born on 12 June 1844 at 5 Oakley Street, Lambeth, to John Sainsbury (baptised 1809, d. 1863), ornament and picture frame maker, and his wife Elizabeth Sarah, née Coombes (1817–1902). [1] During his childhood, his family moved house several times between rented rooms.
Both Alan Sainsbury and Paul Sainsbury joined Sainsbury's in 1921. John Benjamin Sainsbury's sons, Alan and Robert, built the reputation of the business for quality and innovation. Having inherited both Victorian and Jewish traditions of philanthropy, they also set the tone of the family's prevailing left-liberal social conscience.
Alan Sainsbury was instrumental in bringing the self-service supermarket to Britain and shaping many of the conditions by which we shop for food today. On a trip to America he saw the experience of self-service supermarkets, and John James Sainsbury's show-piece Croydon branch of Sainsbury's was converted to self-service in 1950.
At the time, although Sainsbury's had always been the largest UK grocery retailer by market share since 1922, Tesco's profits were double those of Sainsbury's, and Marks & Spencer's were nine times those of Sainsbury's. He led the company on to the London Stock Exchange on 12 July 1973, which was at the time the largest flotation ever. Dubbed ...
The equity interest in Sainsbury's held by the family as of May 2011 is 15%. The family sold down their stake from 35% in 2005. The largest family shareholders are Lord Sainsbury of Turville with 4.99% and Lord Sainsbury of Preston Candover, who controls just under 3% of the company, and benefits from 1.6% of the equity included in the above.
In his annual letter to CEOs this year, BlackRock CEO Larry Fink urged other chief executives to harness the "power of capitalism" to influence society and serve as a catalyst for positive change.
John James Sainsbury (1844–1928), co-founder of the major UK supermarket chain Sainsbury's; John Benjamin Sainsbury (1871–1956), eldest son of John James Sainsbury and Sainsbury's chairman 1928–1956; John Sainsbury, Baron Sainsbury of Preston Candover (1927–2022), great-grandson of John James Sainsbury and Sainsbury's chairman 1969–1992