John Sainsbury, Baron Sainsbury of Preston Candover

Lord Sainsbury in the regalia of the Order of the Garter .

John Davan Sainsbury, Baron Sainsbury of Preston Candover , KG (* 2. November 1927 ) is the president of J Sainsbury , a British businessman and politician of the Conservative Party .

Origin, relatives and studies

He is the son of Alan Sainsbury, Baron Sainsbury , and the nephew of Sir Robert Sainsbury . His younger brothers are Simon Sainsbury and Tim Sainsbury , former trade ministers, also of the Conservative Party . The former Science Minister David Sainsbury of the Labor Party is a cousin.

His great-grandparents, John James Sainsbury and Mary Ann Staples , founded a grocery store at 173 Drury Lane in 1869 , which became the British supermarket chain Sainsbury's . He is also sometimes called "Mr JD" Sainsbury, as he was called when he was at Sainsbury's.

Sainsbury attended Worcester College at Oxford University , where he studied history. He bought from Peter Cadbury , since 18 centuries existing property in Preston Candover in the county of Hampshire . Sainsbury was replanting trees here that Cadbury had cut down to make the house look bigger.

Membership in the House of Lords

Sainsbury was the January 31, 1989 Life peer as Baron Sainsbury of Preston Candover , appointed, of Preston Candover in the County of Hampshire. He gave his inaugural address on November 23, 1989. He cites art and commerce as his political interests.

From 2004 to 2005 he was a member of the Joint Parliamentary Scrutiny Committee on Draft Charities Bill .

He last spoke up on January 5, 2010. He last took part in a vote on March 17, 2010.

• 1997/1998 session: 12 days (out of 228)
• Session period April 1, 2001 to March 31, 2002: 11 days
• Session period April 1, 2002 to March 31, 2003: 15 days
• Session period April 1, 2003 to March 31, 2004: 14 days
• Session period April 1, 2004 to March 31, 2005: 23 days
• Session period April 1, 2005 to March 31, 2006: 11 days
• Session period April 1, 2006 to March 31, 2007: 11 days
• Session period April 1, 2007 to March 31, 2008: 13 days
• Session period April 1, 2008 to March 31, 2009: 11 days
• Session period April 1, 2009 to March 31, 2010: 6 days
• Session period April 1, 2010 to June 30, 2010: 0 days
• Session period July 1, 2010 to September 30, 2010: 0 days
• Session period October 1, 2010 to December 31, 2010: 0 days
• Session period January 1, 2011 to March 31, 2011: 0 days
• April 2011: 0 days (out of 7)
• May 2011: 0 days (out of 15)
• June 2011: 0 days (out of 17)
• July 2011: 0 days (out of 13)
• August 2011: 0 days (out of 1)
• September 2011: 0 days (out of 8)
• October 2011: 0 days (out of 18)
• November 2011: 0 days (out of 18)
• December 2011: 0 days (out of 13)
• January 2012: 0 days (out of 14)
• February 2012: 0 days (out of 14)
• March 2012: 0 days (out of 17)
• April 2012: 0 days (out of 5)
• May 2012: 0 days (out of 13)
• June 2012: 0 days (out of 13)

In the period from the 1997/1998 session onwards, he took part in session days on an irregular basis. He has been absent since April 2010.

Since May 25, 2010 he has been on leave of absence given by the House of Lords .

Business career

Sainsbury started at Sainsbury’s in 1950 , the year the first self-service store opened in Croydon , working in the grocery department. The following year he took on responsibility for biscuit sales . He later took on responsibility for numerous other areas of the company, including the purchase of Speck in 1956.

He became director of the company in 1958, which was then known as J. Sainsbury Ltd. was known, in 1967 he became Deputy Chairman ( Deputy Chairman ) after his father Alain Sainsbury retired.

1969 Sainsbury took over the chairmanship from his uncle Sir Robert Sainsbury as chairman ( chairman ) and CEO .

At the time, Tesco's sales were twice and Marks & Spencer's nine times that of Sainsbury's, even though the company was the UK's largest grocery retailer since 1922 in terms of market share .

He led the company to the London Stock Exchange on July 12, 1973 , which at the time was the largest ever public offering. The press called this "the sale of the century" and his family kept control with a stake of 85%.

While his cousin David Sainsbury inherited his father Robert Sainsbury's 18% stake, Lord Sainsbury had to split his father's 18% stake with his younger brothers Simon Sainsbury and Tim Sainsbury so that each received a 6% stake. It is believed that Robert Sainsbury gave David Sainsbury his entire stake, rather than split between David and his three daughters, so David has more votes when you consider that JD has an energetic, autocratic leadership style while David has always been more cautious and was less interested in family business.

During his 23 years as Chairman ( Chairman replaced) Sainsbury all 82 stores by modern supermarkets and the number of British grocery stores was (including 162 self-service stores) increased from 244 stores to 313 supermarkets, while the average size of the new supermarkets of 8,120 sq ft (754 m²) rose to 34,980 sq ft (3,250 m²). The selection of products increased from 4,000 (including 1,500 own products) to 16,000 (including 8,000 own branded products). He was said to have personally tested his own branded products to make sure he was satisfied with the quality control and personally agreed to each private label packaging design before it went on sale. He is said to have appeared unannounced in branches, either in a helicopter or a Bentley , to patrol the aisles and noted when something was wrong.

He led Sainsbury's to the US through the purchase of Shaw’s , a US supermarket chain, and started both the homebase and the Savacentre Ventures. Shaw's and Homebase have since been sold, while Savacentre has been renamed.

Between 1973 and 1992 the company's market share increased from £ 117 million to £ 8,115 bn due to an increase in the share price from 9p to 464p (on May 15, 1992). Between 1969 and 1992 sales rose from £ 166 million to £ 9,202bn and pre-tax profit rose from £ 4.3 million to £ 628 million. The company also had the highest sales per square meter in the grocery industry and UK supermarket market share rose from 2.5% to 10.4%. Sainsbury's also took over Tesco and Marks & Spencer (the latter just before he retired on his 65th birthday on November 2nd, 1992) to become the UK's largest and most successful supermarket chain. After he retired, his cousin and Labor supporter David Sainsbury (now Lord Sainsbury of Turville) became chairman. Tesco took over Sainsbury's and became Britain's largest supermarket chain in 1995. David Sainsbury resigned as chairman in 1998 to pursue his political career ambitions.

Although retired, John Sainsbury is President for life of the company and continues to have an active interest in what is happening there. He continues to do sightseeing with current Chief Executive Justin King and is the family member who always attends the J Sainsbury plc Annual General Meetings .

He is also the family member with a large stake that he is reluctant to sell. During the sale of family shares between 2005 and 2008, which fell from 35% to 15%, it was Lord Sainsbury who was the last family member to be an important shareholder, he himself reduced his share from 4% to 3.89%, the difference of 0 , 11% belongs to a charity fund of his.

J Sainsbury plc was informed by Lord Sainsbury of Preston Candover on December 5, 2006 that he had no significant interest in the transfer of the shares in his family. As a result, his 3.89% stake in Sainsbury's is no longer worth mentioning.

During the 2007 takeover attempts, Sainsbury used NM Rothschild & Sons as its financial advisor and has been said to be the most reluctant of the family's key shareholders to sell. During the takeover bids in the first half of 2007, he did not want to sell at any price.

In August 2009, Sainsbury continued to hold just under 3% of the company and the benefits of 1.6% of equity. Although David Sainsbury has the largest stake in the family at 5.85% and John Sainsbury is just under 3%, the return for David Sainsbury is only 0.57% compared to 1.6% for JD Sainsbury. The Sainsbury family as a whole controls approximately 15% of Sainsbury's. The 2008 Sunday Times Rich List estimated his family's net worth at £ 1.3 billion.

Charity

In 1985, he and his two brothers provided funds to build a new wing for the National Gallery , costing around £ 50 million. This was opened in 1991 as the Sainsbury Wing .

Together with his wife he runs the Linbury Trust , which financially supports a variety of projects in the arts, education, environment and national heritage, medicine, social welfare and developing countries . One of the best-known projects of the Linbury Trust was the renovation of the world-famous Royal Opera House in London in the 1990s. The Linbury Studio Theater in the building was named in recognition of the Trust's significant contribution.

In 1987 Lady Sainsbury founded the Biennial Prize for Stage Design , which looks for talented newcomers and encourages them in the field of theater design, the prize continues to be financed exclusively by the Linbury Trust.

In 1993 he founded the Butrint Foundation together with Jacob Rothschild, 4th Baron Rothschild , to investigate the archaeological site of Butrint in Albania .

In September 2010 he donated £ 25 million to the British Museum . According to the BBC , it was the greatest gift to the arts in two decades.

Other offices

Sainsbury was from 1965 to 1976 and again from 1987 to 1991 director ( governor ) of the Royal Ballet School . At the Contemporary Arts Society he was first from 1965 to 1971 as Honorary Secretary ( Honorary Secretary ), later as Deputy Chairman ( Vice-chair ) from 1971 to 1974. From 1972 to 1975 he was Joint Honorary Treasurer of the European Movement . He was a member of the National Committee for Electoral Reform from 1976 to 1985 . From 1982 to 1984 he was a member of the President's Committee of the CBI. From 1986 to 1987 he was Chairman ( Chair ) of the Benesh Institute of Choreology . At the Royal Ballet he was director from 1987 to 2003 and chair of governors from 1995 to 2003 . He has been a visitor to the Ashmolean Museum since 2003 . From 2003 to 2005 Sainsbury was the director of the Rambert School of Ballet and Contemporary Dance .

From 1972 to 1980 he was director of The Economist . Since 2009 he has been director of the Center for Policy Studies . Also since 2009 he has been Vice-President ( Vice-President ) of the Royal Opera House Covent Garden , where he previously 1969-1985 Director and from 1987 to 1991 president ( chairman was). From 1974 to 1984 and from 1987 to 1997 he was director of the Royal Opera House Trust . Sainsbury was Chairman of Trustees for the Royal Opera House Endowment Fund from 2001 to 2005 .

He was a member of the Council of Friends of Covent Garden from 1969 to 1991 and was chairman from 1969 to 1981. He served on the National Gallery's Trustee from 1976 to 1983, the Westminster Abbey Trust from 1977 to 1983, the Tate Gallery from 1982 to 1983, the Rhodes Trust from 1984 to 1998, and the Saïd Business School Foundation since 2003.

Sainsbury was President of the British Retail Consortium from 1993 to 1997, and there from 1975 to 1979 member of the Board of Directors ( Council ). From 1993 to 2000 he was President of Sparsholt College . He was one of several directors of the Friends of Nelson Mandela Children's Fund from 1996 to 2000. Since 2004 he is the patron ( saint ) of the Dulwich Picture Gallery , where he 1994-2000 Chairman of Trustees was. Since 2005 he has also been the patron of the Sir Harold Hillier Gardens and Arboretum .

Honors

Sainsbury received his Knight Bachelor degree in 1980 for services to the grocery retail industry. It was 1982 Honorary Fellow of Worcester College of the University of Oxford . In 1985 he became Honorary Bencher of the Inner Temple Bar Association .

He received the Albert Medal of the Royal Society of Arts in 1989 . In 1992 he became a Knight of the Order of the Garter . In 2000 he was awarded the Hadrian Award . In 2002 he became an Honorary Fellow of the British School at Rome . In 2008 he received the Prince of Wales Medal for Arts Philanthropy .

Sainsbury has several honorary doctorates . In 1985 the University of London awarded him an honorary doctorate from (Hon DScEcon). The South Bank University honored him in 1992 with a Doctor of Letters (Hon Dlitt). He received an honorary doctorate in law from the University of Bristol in 1993 . In 2000, Sainsbury was awarded an Honorary DScEcon by the University of Cape Town .

In 1973 he became a Fellow of the Institute of Grocery Distribution . In 1993 he became an Honorary Fellow of the Royal Institute of British Architects .

family

Sainsbury is married to former ballerina Anya Linden . You have three children.

Web links

• Mr John Sainsbury at Hansard (English)
• Lord Sainsbury of Preston Candover at theyworkforyou
• Lord Sainsbury of Preston Candover at The Public Whip
• Lord Sainsbury of Preston Candover Official website of the House of Lords
• The Rt Hon Lord Sainsbury of Preston Candover, KG biography at Debretts

Individual evidence

1. ↑ Tory peer gives £ 25m donation to British Museum Daily Mail article of 13 September 2010.
2. ↑ House of Lords: Members 'expenses Members' expenses on the House of Lords website , accessed December 21, 2012.
3. ↑ Members of the House of Lords granted leave of absence Publication on the House of Lords website , accessed on December 21, 2012.
4. ↑ Lord Sainsbury Candover KG ( Memento of the original from December 12, 2012 in the Internet Archive ) Info: The archive link was automatically inserted and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. Entry from the Center for Policy Studies , accessed December 21, 2012. 
5. ↑ Lord and Lady Sainsbury of Preston Candover receive the Sheldon Medal ( Memento of the original dated February 7, 2013 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. Publication by the University of Oxford on November 25, 2010.