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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.
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.
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.
John James Sainsbury was born on 12 June 1844 at 5 Oakley Street, Lambeth, to John Sainsbury (baptised 1809, d. 1863), ornament and picture frame maker, and his wife Elizabeth Sarah, née Coombes (1817–1902). [1] During his childhood, his family moved house several times between rented rooms.
A former Staples branch, at 68 Watney Street, Stepney, was sold to Sainsbury's in 1881 when John James Sainsbury purchased it from his brother in-law (Mary Ann's brother) Edward Staples. This store was the first Sainsbury's store to trial round-the-back deliveries, which was started so as to not upset an Irish competitor, Mike Drummond.
Sainsbury (surname) Sainsbury family, in British business and philanthropy; Business. Sainsbury's, British business centred on supermarket chain, founded by the ...
SavaCentre was a chain of 13 hypermarkets and later a further seven discount supermarkets owned and operated jointly by Sainsbury's and BHS, beginning in 1977.Sainsbury's later took full control of the stores alone in 1989, rebranding them as Sainsbury's SavaCentre, until 2005 when the stores were integrated into the Sainsbury's supermarket brand.
John Benjamin Sainsbury was the second child of John James and Mary Ann Sainsbury and was born in 1871 above the Drury Lane shop and from an early age was trained to take over from his father at the head of the firm. [1] John Benjamin Sainsbury married Mabel Van den Bergh, an heiress from a Dutch Jewish family whose fortune was made in ...