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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.
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 .
Justin Matthew King CBE (born 17 May 1961) is an English businessman. He was the CEO of J Sainsbury plc, parent company of the supermarket chain Sainsbury's, for ten years before stepping down in July 2014.
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 ...
On his retirement as chairman, to avoid any conflict of interest, David Sainsbury placed his then 23% stake in Sainsbury's into a "blind" trust, to be administered by lawyer Judith Portrait. When David Sainsbury announced his intention to give away £1 billion to charity in 2005, his 23% stake was sold down, eventually to 12.9% by early 2007.
Sainsbury trained as a chartered accountant after leaving university. He joined the finance department of the family company, then known as J. Sainsbury, in 1956 and became a director in 1959, [1] responsible for finance. When his brother John became chairman of Sainsbury's in 1969, Simon was given the deputy chairmanship.
Some of the staff at Elon Musk's Neuralink are making preparations to sell the brain implant company's stock in the wake of its valuation jumping following its first human trial, according to ...
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.