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Simon John Roberts (born 26 January 1971) is a British businessman, and the chief executive officer (CEO) of Sainsbury's since 1 June 2020, having previously been retail operations director. He is a former managing director of Boots UK .
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.
Robert's older brother Alan John Sainsbury was Baron Sainsbury and the first in the family to receive a life peerage. Sainsbury was educated at Haileybury College (1919–1924) and read history at Pembroke College, Cambridge (1924–1927). [5] He later studied accountancy and became a fellow of the Institute of Chartered Accountants. [6]
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 ...
King joined Sainsbury's on 29 March 2004, [7] and was seen as the company's last chance to win back market share from its rivals and remain independent – the previous CEO, Sir Peter Davis, failed to halt the supermarket's slide in market position despite a £3 billion investment in infrastructure. He was offered £675,000 a year salary.
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.
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.
Since Sainsbury's acquired Argos, more and more standalone stores have been moved into a nearby Sainsbury's store. On 25 September 2019, Sainsbury's announced that over 50 Argos stores would be closing or relocating in order to cut costs. Stores also began to feature digital computers as well as printed catalogues to save costs.