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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 ]
Sainsbury's operates an internet shopping service branded as "Sainsbury's Online". It offers a wide range of other products, including electronic goods, books and financial services. To use this service customers choose their groceries online, or by phone (which includes a "phone order" fee). [140]
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Chief executive Simon Roberts said it forms part of a new strategy aimed to help the business invest more funds into food.
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 .
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]
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 ...