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Sainsbury's Bank plc is a British bank wholly owned by Sainsbury's. The bank began trading on 19 February 1997 as a joint venture between Sainsbury's and Bank of Scotland. Sainsbury's took full ownership of the bank in January 2014. [2] The bank's head office is located in Edinburgh, Scotland, [3] and its registered office in London, England.
From 2011 to 2015, Brown was chief executive of Ulster Bank. [ 2 ] [ 3 ] In April 2015 it was reported that Brown was the highest paid banker in Ireland, with his overall pay package at €1.63 million (£1.16M), up 66% from €979,000 a year earlier. [ 4 ]
In 1997, Sainsbury's Bank was established – a joint venture between J Sainsbury plc and the Bank of Scotland, [151] later a part of the Lloyds Banking Group. Services offered include car, life, home, pet and travel insurance as well as health cover, loans, credit cards, savings accounts and individual savings accounts.
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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 .
The Co-operative Bank head office building at 1 Balloon Street, Manchester, England. The Co-operative Bank severed its ownership link with the Co-operative Group in September 2017. The bank had been a wholly owned subsidiary until 2014 when the group was forced to sell the majority of its holding to US hedge fund investors to raise funds for ...
Coupe joined Sainsbury's in 2004. [3] In 2010, he became responsible for the marketing, trading and online operations of the company. [3] In January 2014, Sainsbury's then CEO Justin King announced Coupe as his successor, after stating that he would be leaving the role in June 2014. [4] [3]
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.