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Sainsbury's. J Sainsbury plc, trading as Sainsbury's, is a British supermarket and the second-largest chain of supermarkets in the United Kingdom. [2] 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.
[25] 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.
The largest shareholder is the Qatar Investment Authority, the investment vehicle of the Qatari royal family of the Gulf Kingdom, who as of May 2011 holds 25.999% of the company. Lord Sainsbury of Preston Candover's decision to split his 3.89% holding in Sainsbury's between other members of his family in December 2006 suggests that the family ...
The title "Baron Sainsbury" was created on 3 May 1962 for Alan Sainsbury, a member of the third generation of the supermarket Sainsbury family.He was the first member of the Sainsbury family to be raised to the peerage, and chose the territorial designation of Drury Lane in his title, as Sainsbury's first shop was opened there in 1869.
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Justin Matthew King CBE (born 17 May 1961) is an English businessman. King served as the CEO of J Sainsbury plc, parent company of the supermarket chain Sainsbury's, for ten years before stepping down in July 2014. [1] King was previously Director of Food at Marks and Spencer and has held senior positions at Asda.
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