John Sainsbury, Baron Sainsbury of Preston Candover
Encyclopedia
John Davan Sainsbury, Baron Sainsbury of Preston Candover, KG
Order of the Garter
The Most Noble Order of the Garter, founded in 1348, is the highest order of chivalry, or knighthood, existing in England. The order is dedicated to the image and arms of St...

 (Born 2 November 1927) is the President
President
A president is a leader of an organization, company, trade union, university, or country.Etymologically, a president is one who presides, who sits in leadership...

 of J Sainsbury
J Sainsbury
J. Sainsbury plc is the parent company of Sainsbury's Supermarkets Ltd, commonly known as Sainsbury's, the third largest chain of supermarkets in the United Kingdom with a share of the UK supermarket sector of 16.5%....

, a British
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...

 businessman and politician. He sits in the House of Lords
House of Lords
The House of Lords is the upper house of the Parliament of the United Kingdom. Like the House of Commons, it meets in the Palace of Westminster....

 as a member of the Conservative Party
Conservative Party (UK)
The Conservative Party, formally the Conservative and Unionist Party, is a centre-right political party in the United Kingdom that adheres to the philosophies of conservatism and British unionism. It is the largest political party in the UK, and is currently the largest single party in the House...

.

Early and private life

He is the son of Alan Sainsbury, Baron Sainsbury
Alan Sainsbury, Baron Sainsbury
Alan John Sainsbury, Baron Sainsbury was a British business executive and a leading member of the supermarket Sainsbury family.-Early and private life:...

, and the nephew of Sir Robert Sainsbury
Robert Sainsbury
Sir Robert Sainsbury , was the son of John Benjamin Sainsbury , and along with his wife Lisa began the collection of modern and tribal art housed at the Sainsbury Centre for Visual Arts, Norwich.-Early and family life:Robert Sainsbury was educated at Haileybury College and Pembroke...

. His younger brothers are Simon
Simon Sainsbury
The Hon Simon David Davan Sainsbury was a British businessman, philanthropist and art collector.-Early and private life:...

 and Timothy
Tim Sainsbury
Sir Timothy Alan Davan Sainsbury is a politician and businessman in the United Kingdom.-Early life:Sainsbury is the youngest son of Lord Sainsbury and his wife Doreen...

, former Conservative Minister of Trade; David Sainsbury
David Sainsbury, Baron Sainsbury of Turville
David John Sainsbury, Baron Sainsbury of Turville, FRS , is a British businessman and politician. From 1992 to 1997, he served as the Chairman of Sainsbury's . He was made a life peer in 1997, and currently sits in the House of Lords as a member of the Labour Party...

, former Labour Minister for Science, is a cousin. His great-grandparents, John James Sainsbury
John James Sainsbury
John James Sainsbury was the founder of the Sainsbury's supermarket chain.-Early and private life:John James Sainsbury was born on 12 June 1844 at 5 Oakley Street, Lambeth, to John Sainsbury , ornament and picture frame maker, and his wife Elizabeth Sarah, née Coombes...

 and Mary Ann Staples, established a grocer's at 173 Drury Lane
Drury Lane
Drury Lane is a street on the eastern boundary of the Covent Garden area of London, running between Aldwych and High Holborn. The northern part is in the borough of Camden and the southern part in the City of Westminster....

 in 1869 which became the British supermarket
Supermarket
A supermarket, a form of grocery store, is a self-service store offering a wide variety of food and household merchandise, organized into departments...

 chain Sainsbury's. He is sometimes referred to as "Mr JD" Sainsbury (which is what he was known as when working for Sainsbury's).

Lord Sainsbury attended Worcester College
Worcester College, Oxford
Worcester College is one of the constituent colleges of the University of Oxford in England. The college was founded in the eighteenth century, but its predecessor on the same site had been an institution of learning since the late thirteenth century...

, Oxford
University of Oxford
The University of Oxford is a university located in Oxford, United Kingdom. It is the second-oldest surviving university in the world and the oldest in the English-speaking world. Although its exact date of foundation is unclear, there is evidence of teaching as far back as 1096...

, reading History.

He is married to the former ballerina Anya Linden
Anya Linden
Anya Linden, Lady Sainsbury of Preston Candover is a retired English ballerina. She spent her childhood in California, where she received her early training with Koslov in Hollywood. She returned to England in 1947 and studied at the Sadler's Wells Ballet School, joining the company in 1951. She...

. They have three children: Sarah Butler-Sloss (1964-), John Julian (1966-) and Mark (1969-).

When he bought his 18th-century mansion at Preston Candover
Preston Candover
Preston Candover is a village and large civil parish in Hampshire, England. It has two churches, only one of which is still in use. Its nearest town is Basingstoke, approximately away...

 in Hampshire
Hampshire
Hampshire is a county on the southern coast of England in the United Kingdom. The county town of Hampshire is Winchester, a historic cathedral city that was once the capital of England. Hampshire is notable for housing the original birthplaces of the Royal Navy, British Army, and Royal Air Force...

, from the previous owner Peter Cadbury
Peter Cadbury
Peter Egbert Cadbury was a British entrepreneur.He was the son of Sir Egbert Cadbury, a World War I flying ace and managing director of Cadbury Brothers, the chocolate enterprise...

 - he replanted trees that Peter Cadbury
Peter Cadbury
Peter Egbert Cadbury was a British entrepreneur.He was the son of Sir Egbert Cadbury, a World War I flying ace and managing director of Cadbury Brothers, the chocolate enterprise...

 had cut down to make the house look bigger.

He was knighted
Knight Bachelor
The rank of Knight Bachelor is a part of the British honours system. It is the most basic rank of a man who has been knighted by the monarch but not as a member of one of the organised Orders of Chivalry...

 in 1980 for services to the food retailing industry, and was made a life peer
Life peer
In the United Kingdom, life peers are appointed members of the Peerage whose titles cannot be inherited. Nowadays life peerages, always of baronial rank, are created under the Life Peerages Act 1958 and entitle the holders to seats in the House of Lords, presuming they meet qualifications such as...

 in 1989 with the title Baron Sainsbury of Preston Candover, of Preston Candover
Preston Candover
Preston Candover is a village and large civil parish in Hampshire, England. It has two churches, only one of which is still in use. Its nearest town is Basingstoke, approximately away...

 in the County of Hampshire
Hampshire
Hampshire is a county on the southern coast of England in the United Kingdom. The county town of Hampshire is Winchester, a historic cathedral city that was once the capital of England. Hampshire is notable for housing the original birthplaces of the Royal Navy, British Army, and Royal Air Force...

. He became a Knight of the Garter in 1992.

Business career

Lord Sainsbury joined Sainsbury's in 1950 (the year the first self-service store opened in Croydon
Croydon
Croydon is a town in South London, England, located within the London Borough of Croydon to which it gives its name. It is situated south of Charing Cross...

), working in the grocery department. The next year he became in charge of buying biscuits. He later became in charge of many other aspects of the business, including bacon buying in 1956. He became a director of the Company, then known as J. Sainsbury Ltd., in 1958, becoming Deputy Chairman in 1967 following his father Alan Sainsbury's retirement.

Lord Sainsbury took over from his uncle Sir Robert Sainsbury as chairman and chief executive in 1969. At the time, although Sainsbury's had always been the largest UK grocery retailer by market share since 1922, Tesco
Tesco
Tesco plc is a global grocery and general merchandise retailer headquartered in Cheshunt, United Kingdom. It is the third-largest retailer in the world measured by revenues and the second-largest measured by profits...

's profits were double those of Sainsbury's, and Marks & Spencer
Marks & Spencer
Marks and Spencer plc is a British retailer headquartered in the City of Westminster, London, with over 700 stores in the United Kingdom and over 300 stores spread across more than 40 countries. It specialises in the selling of clothing and luxury food products...

's were nine times those of Sainsbury's.

He led the company on to the London Stock Exchange
London Stock Exchange
The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...

 on 12 July 1973, which was at the time the largest floatation ever. Dubbed "The sale of the century" by the press, his family at the time retained control with an 85% stake. Whilst his cousin, David Sainsbury, inherited his father Robert Sainsbury
Robert Sainsbury
Sir Robert Sainsbury , was the son of John Benjamin Sainsbury , and along with his wife Lisa began the collection of modern and tribal art housed at the Sainsbury Centre for Visual Arts, Norwich.-Early and family life:Robert Sainsbury was educated at Haileybury College and Pembroke...

's entire 18% shareholding, Lord Sainsbury had to split his father Alan Sainsbury's 18% stake with his younger brothers The Hon. Simon Sainsbury
Simon Sainsbury
The Hon Simon David Davan Sainsbury was a British businessman, philanthropist and art collector.-Early and private life:...

 and The Rt Hon. Sir Timothy Sainsbury
Tim Sainsbury
Sir Timothy Alan Davan Sainsbury is a politician and businessman in the United Kingdom.-Early life:Sainsbury is the youngest son of Lord Sainsbury and his wife Doreen...

, and so they held 6% each. It is believed that Robert Sainsbury
Robert Sainsbury
Sir Robert Sainsbury , was the son of John Benjamin Sainsbury , and along with his wife Lisa began the collection of modern and tribal art housed at the Sainsbury Centre for Visual Arts, Norwich.-Early and family life:Robert Sainsbury was educated at Haileybury College and Pembroke...

 gave David Sainsbury his entire shareholding (rather than split it between David and his three daughters) so that David would have more votes at the table, considering JD had a forceful, autocratic style of leadership, where as David was always more cautious (and always seemed less interested in the family business than JD (David having only joined Sainsbury's personnel department as he did not get the grades to become a scientist)).

During his 23 years as Chairman, Sainsbury's replaced all its 82 counter service stores with modern supermarkets, and the number of UK grocery stores increased from 244 stores (including 162 self-service shops) to 313 supermarkets, whilst the average size of new supermarkets increased from 8120 sq ft (754.4 m²) to 34980 sq ft (3,249.7 m²). The range of products increased from 4,000 (including 1,500 own brand products) to 16,000 (including 8,000 own brand products). He was said to personally taste own brand products himself to make sure he was satisfied with its quality control, and personally approved every own brand product packaging design himself before the official launch of each new own brand product. He was said to turn up unannounced at stores either by helicopter or Bentley
Bentley
Bentley Motors Limited is a British manufacturer of automobiles founded on 18 January 1919 by Walter Owen Bentley known as W.O. Bentley or just "W O". Bentley had been previously known for his range of rotary aero-engines in World War I, the most famous being the Bentley BR1 as used in later...

 to patrol the aisles and shouted loudly if something was not right.

He led Sainsbury's into the USA through the purchase of Shaw's, a USA supermarket chain, and started both the Homebase
Homebase
Homebase is a British home improvement store and garden centre, with 350 stores across the United Kingdom and the Republic of Ireland. It is well known by its green and orange colour scheme. Together with its sister company Argos , it forms part of Home Retail Group. Homebase recorded sales figures...

 and Savacentre
SavaCentre
Sainsbury’s SavaCentre was a chain of 13 hypermarkets and later a further seven discount supermarkets operated by Sainsbury's and BHS, then later by Sainsbury's alone, from 1977 until 2005. The stores have now been integrated into the Sainsbury's supermarket brand. The hypermarket stores ranged in...

 ventures. Shaw's and Homebase have since been sold, whilst Savacentre has been re-branded under the core Sainsbury's brand.

Between 1973 and 1992, the company's market capitalisation increased from £117m to £8.115bn due to an increase in the share price from 9p to 464p (on 15 May 1992). Between 1969 and 1992 sales increased from £166m to £9.202bn and profit before tax increased from £4.3m to £628m. The Company also boasted the highest sales per square foot in the food retailing industry and the market share of the UK supermarket business increased from 2.5% to 10.4%. Sainsbury's also overtook both Tesco and Marks & Spencer (the latter shortly before his retirement on his 65th birthday on 2 November 1992) to become the UK's largest and most successful supermarket chain. http://observer.guardian.co.uk/business/story/0,6903,1001526,00.html Following his retirement, his cousin and Labour supporter David Sainsbury
David Sainsbury, Baron Sainsbury of Turville
David John Sainsbury, Baron Sainsbury of Turville, FRS , is a British businessman and politician. From 1992 to 1997, he served as the Chairman of Sainsbury's . He was made a life peer in 1997, and currently sits in the House of Lords as a member of the Labour Party...

 (now Lord Sainsbury of Turville) became Chairman. Tesco overtook Sainsbury's to become the UK's largest supermarket chain in 1995, and David Sainsbury stepped down as Chairman in 1998 to pursue his long held ambition to have a career in politics.

Although Lord Sainsbury has retired, he is Life President of the retailer and continues to take an active interest in the business; these days he tours stores with present chief executive Justin King
Justin King (businessman)
Justin Matthew King, CBE is a British businessman, who is the CEO of J Sainsbury plc, parent company of the supermarket chain Sainsbury's.King was previously Director of Food at Marks and Spencer and has held senior positions at Asda...

, as well as being the family member always attending J Sainsbury plc Annual General Meetings.

He is also the family member with a large shareholding that is most reluctant to sell down his stake. During the sell down of the family stake between 2005-2008 from 35% to 15%, it was Lord Sainsbury who was the last major family shareholder to reduce his stake, in his case from 4% to 3.89%, the 0.11% sold having belonged to a non-beneficial trust held by him.

J Sainsbury plc was informed on 5 December 2006 by Lord Sainsbury of Preston Candover, that he no longer holds a reportable interest in the Company following the transfer of shares within his family. As a result, his 3.89% shareholding in Sainsbury's is no longer reportable.

During the takeover bids for Sainsbury's during 2007, Lord Sainsbury used N M Rothschild & Sons
N M Rothschild & Sons
N M Rothschild & Sons is a private investment banking company, belonging to the Rothschild family...

 as his financial advisor and was said to be the major family shareholder most resistant to selling his stake. Indeed, during the private equity takeover bid during the first half of 2007, he was said to be refusing to sell his stake of just under 3% at any price.

As of August 2009, Lord Sainsbury continues to control just under 3% of the company, and benefits from 1.6% of the equity included in the above. Although David Sainsbury controls the largest family shareholding of 5.85%, and Lord Sainsbury controls just under 3%, the beneficial holding of David Sainsbury is only 0.57%, compared with 1.6% for JD Sainsbury. The Sainsbury family
Sainsbury family
The Sainsbury family founded Sainsbury's, the UK's third largest supermarket chain...

 as a whole control approximately 15% of Sainsbury's. In the Sunday Times Rich List 2008
Sunday Times Rich List 2008
The Sunday Times Rich List 2008 was published on 27 April 2008.Since 1989 the UK national Sunday newspaper The Sunday Times has published an annual magazine supplement to the newspaper called the Sunday Times Rich List...

 his family fortune was estimated at £1.3 billion.

Charitable works

In 1985 he and his two brothers provided funds to construct a new wing of the National Gallery, London
National Gallery, London
The National Gallery is an art museum on Trafalgar Square, London, United Kingdom. Founded in 1824, it houses a collection of over 2,300 paintings dating from the mid-13th century to 1900. The gallery is an exempt charity, and a non-departmental public body of the Department for Culture, Media...

 at a cost of around £50 million, which opened in 1991 as the Sainsbury Wing.

With his wife, he also runs the Linbury Trust, which offers grants to various projects in the fields of the Arts, Education, Environment & Heritage, Medical, Social Welfare and Developing Countries. One of the most notable projects funded by the Linbury Trust was the 1990s redevelopment of the world renowned Royal Opera House
Royal Opera House
The Royal Opera House is an opera house and major performing arts venue in Covent Garden, central London. The large building is often referred to as simply "Covent Garden", after a previous use of the site of the opera house's original construction in 1732. It is the home of The Royal Opera, The...

 in London. The Linbury Studio Theatre in the building is named in recognition of the substantial contribution made by the trust.

Most notably contributing a considerable amount towards the redevelopment of the Royal Opera House
Royal Opera House
The Royal Opera House is an opera house and major performing arts venue in Covent Garden, central London. The large building is often referred to as simply "Covent Garden", after a previous use of the site of the opera house's original construction in 1732. It is the home of The Royal Opera, The...

. The Linbury Studio Theatre is named in recognition of the major contribution to the redevelopment of the Royal Opera House. In 1987, Lady Sainsbury founded the Linbury Biennial Prize for Stage Design, which identifies and encourages talented newcomers to the field of theatre design; the Prize continues to be funded solely by the Linbury Trust.

In 1993, he joined with Lord Rothschild
Jacob Rothschild, 4th Baron Rothschild
Nathaniel Charles Jacob Rothschild, 4th Baron Rothschild, Bt, OM, GBE, FBA is a British investment banker and a member of the prominent Rothschild family of bankers...

 to set up the Butrint Foundation to record and conserve the archaeological site of Butrint
Butrint
Butrint was an ancient Greek and later Roman city in Epirus. In modern times it is an archeological site in Sarandë District, Albania, some 14 kilometres south of Sarandë and close to the Greek border. It was known in antiquity as Βουθρωτόν Bouthroton or Βουθρώτιος Bouthrotios in Ancient Greek...

 in Albania
Albania
Albania , officially known as the Republic of Albania , is a country in Southeastern Europe, in the Balkans region. It is bordered by Montenegro to the northwest, Kosovo to the northeast, the Republic of Macedonia to the east and Greece to the south and southeast. It has a coast on the Adriatic Sea...

.

In September 2010 he donated £25m to the British Museum
British Museum
The British Museum is a museum of human history and culture in London. Its collections, which number more than seven million objects, are amongst the largest and most comprehensive in the world and originate from all continents, illustrating and documenting the story of human culture from its...

, which the BBC reported as the biggest gift to the arts in two decades.

External links

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