J Sainsbury
| J Sainsbury plc
|
|
|---|---|
 |
|
| legal form | Public Limited Company |
| ISIN | GB00B019KW72 |
| founding | 1869 |
| Seat |
Holborn , London , United Kingdom
|
| management | Martin Scicluna, Chairman Mike Coupe ( CEO ) |
| Number of employees | 178,000 |
| sales | 29.007 billion GBP (FY 2018/19) |
| Branch | Trade, banks |
| Website | www.j-sainsbury.co.uk |
| As of March 9, 2019 | |
The J Sainsbury plc group is the parent company of the British supermarket chain Sainsbury's Supermarkets Ltd. , Sainsbury's for short .
Asda and Sainsbury's have been conducting merger talks since April 2018 . After the merger, they would have a market share of 31.4 percent - almost four percent more than Tesco . The merger has yet to be reviewed by the UK regulator , the Competition and Markets Authority , before it can be approved.
Companies
The first Sainsbury's store was opened in Drury Lane in Holborn , London by John James Sainsbury and his wife Mary Ann in 1869 . In 1922 J Sainsbury was set up as a private company. J Sainsbury plc's 1973 IPO was the largest on the London Stock Exchange to date . Today the family owns an estimated 35% of the shares.
In 1975 Sainsbury's entered the self-service department store concept together with BHS in the joint venture Sainsbury's SavaCentre . This was the first attempt to introduce supermarkets with a large non-food section in the UK. In 1989 Savacentre was completely taken over by Sainsbury's. The self-service department store concept has now largely established itself in Great Britain, rivals such as ASDA and Tesco are opening ever larger stores, which is why SavaCentre has been incorporated into the supermarket division.
1979 Sainsbury's founded the Home Base - Heimwerkermarkt chain. Homebase had tripled its size by 1995 when it bought competitor Texas Homecare from Ladbroke Group Plc . Sainsbury's sold Homebase in December 2000 for £ 969 million.
In November 1983, Sainsbury's acquired 21% of Shaw's Supermarkets , the second largest grocery group in the northeastern United States, and in June 1987 a controlling majority. Despite the success of Shaw's, Sainsbury's sold the group on April 30, 2004.
In 1997, Sainsbury's Bank, a joint venture between J Sainsbury plc. and the Bank of Scotland .
In 2001 Sainsbury's moved to its new headquarters in Holborn, London. Sainsbury's had previously resided in Stamford House and 12 other buildings in Southwark . The building was designed by the architects Foster and Partners and was erected on the Mirror Group site of Andersen Consulting (now Accenture ).
Sainsbury's was once the market leader in the UK retail space but is currently positioned behind Tesco and ASDA . However, the company has caught up with a new business plan.
The group also includes real estate and finance companies. J Sainsbury's own company manages land and properties (e.g. shops) and develops new ones. The company is listed on the London Stock Exchange and is part of the UK stock index FTSE 100 Index .
The Sainsbury family
The Sainsbury family has not had a stake in operations since David Sainsbury's retirement from management, although they own around 35% of the shares. Since David Sainsbury's entry into the Blair government in 1998, his shares have been administered in a trust fund, making a takeover of the group as good as impossible, as this required the consent of the family, which is considered unlikely.
Web links
- Website of the Sainsbury's Supermarkets (English)
- Website of the J Sainsbury plc group of companies (English)
proof
- ↑ a b Annual Report and Financial Statements 2019. From : Sainsbury's Group website, accessed August 4, 2019.
- ↑ Sainsbury's and Asda attack Tesco In: handelszeitung.ch , April 30, 2018, accessed on May 2, 2018.