John Sainsbury, Baron Sainsbury of Preston Candover

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

Origin, kinship and study

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 Minister of Commerce, also the Conservative Party. The former science minister David Sainsbury of the Labour Party is a cousin.

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

Sainsbury attended Worcester College at the University of Oxford, where he studied history. He bought of Peter Cadbury an existing since the 18th century estate in Preston Candover in the County of Hampshire. Sainsbury planted trees here new about that Cadbury had cut down to make the house look bigger.

Membership in the House of Lords

Sainsbury was appointed on 31 January 1989 for Life peer as Baron Sainsbury of Preston Candover, Preston Candover in the County of Hampshire of. His inaugural address was delivered on 23 November 1989. When his political interests he gives art and commerce to.

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

Recently he reported on 5 January 2010 to word. On 17 March 2010, he took part in a vote last.

• Session 1997/1998: 12 days ( 228 )
• Session 1 April 2001 to 31 March 2002: 11 days
• Session 1 April 2002 to 31 March 2003: 15 days
• Session 1 April 2003 to 31 March 2004: 14 days
• Session 1 April 2004 to 31 March 2005: 23 days
• Session 1 April 2005 to 31 March 2006: 11 days
• Session 1 April 2006 to 31 March 2007: 11 days
• Session 1 April 2007 to 31 March 2008: 13 days
• Session 1 April 2008 to 31 March 2009: 11 days
• Session 1 April 2009 to 31 March 2010: 6 days
• Session of April 1, 2010 to June 30, 2010: 0 days
• Session 1 July 2010 to 30 September 2010: 0 days
• Session 1 October 2010 to 31 December 2010: 0 days
• Session 1 January 2011 to 31 March 2011: 0 days
• April 2011: 0 days ( 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 ( 1 )
• September 2011: 0 days ( 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 ( 14 )
• February 2012: 0 days ( 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 session 1997/1998 he took part in irregular meeting days. Since April 2010, he was absent.

Since May 25, 2010 he is on leave of absence granted by the House of Lords Leave of Absence.

Business career

Sainsbury began in 1950 when Sainsbury's, the year in which the first self-service store opened in Croydon, he worked in the food department. The following year he took over the responsibility for the sale of biscuits. Later, he took over responsibility for many other areas of the company, in 1956 for the purchase of bacon.

It was founded in 1958 director of the company that at the time as J. Sainsbury Ltd.. was known, in 1967, he became Deputy Chairman ( Deputy Chairman ), after his father Alain Sainsbury retired.

In 1969 Sainsbury presided by his uncle Sir Robert Sainsbury Chairman ( Chairman ) and CEO.

At that time, sales of Tesco were twice as high and the Marks & Spencer nine times as high as that of Sainsbury's, although the Company of the market share, the largest in British food retailer was at that time since 1922.

He led the company on 12 July 1973 to the London Stock Exchange, which was the largest IPO of all time at that time. This was called by the press " the sale of the century", his family continues retained control with a share of 85%.

During his cousin, David Sainsbury inherited the share of his father Robert Sainsbury of 18%, Lord Sainsbury had the 18% share of his father's split with his younger brothers Simon Sainsbury and Tim Sainsbury, so that each received a share of 6 %. It is believed that Robert Sainsbury David Sainsbury, leaving its entire participation, rather than split between David and his three daughters, so that David has more votes, if one takes into consideration that JD has an energetic, autocratic leadership style, while David was always careful and was less interested in the 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 increased to 313 supermarkets, while the average size of new supermarkets of 8,120 sq ft of 244 stores (162 stores with self service included) ( 754 m² ) rose to 34.980 sq ft ( 3,250 m²). The selection of products increased from 4,000 (including 1,500 of its own products ) to 16,000 (of which 8,000 own brand products include ). It was said that he personally own brand products tested to ensure that he is satisfied with the quality control and personally approved every packaging design their own brand, before it went on sale. He should be unannounced in stores, either in a helicopter or a Bentley, appeared to patrol the corridors, noting when something was not right.

He led Sainsbury's in the United States through the purchase of Shaw's, a U.S. supermarket chain, and launched both the home base and the Savacentre ventures. Shaw's and Homebase have since been sold, while Savacentre has been renamed.

Between 1973 and 1992 the market share of the company of £ 117 million to £ 8,115 bn increased by a rise in the share price of 9p to 464p ( on 15 May 1992 ). Between 1969 and 1992, sales of £ 166 million up to £ 9.202bn and the profit before tax deduction increased from £ 4.3 million to £ 628 million. The company achieved the highest sales per square meter in the food industry and the market share of the UK supermarket from 2.5% to 10.4% increased. Sainsbury's took over Tesco and Marks & Spencer ( the latter just before he went to his 65th birthday on November 2, 1992 in retirement ) to be the largest and most successful British supermarket chain. After he retired was his cousin and Labour supporter David Sainsbury ( now Lord Sainsbury of Turville ) Chairman. Tesco took over Sainsbury's and in 1995 the UK's largest supermarket chain. David Sainsbury came back in 1998 as chairman, to follow his ambitions of a political career.

Although John Sainsbury is retired, he is President for Life of the company and is still actively interested in the events there. He continues to make visits to the current chief executive Justin King and the family member who always participates in the J Sainsbury plc Annual General Meetings.

He is also the member of the family with a large proportion, the sale of which he is reluctant to give. While the sale of family units between 2005 to 2008, which decreased from 35 % to 15 %, it was Lord Sainsbury, who was the last family member is major shareholder, he lowered his share from 4 % to 3.89 %, the difference of 0, 11 % owned by a charity fund from him.

J Sainsbury plc was informed on 5 December 2006 by Lord Sainsbury of Preston Candover that he holds no significant interest after the transfer of the shares in his family. As a result, its share of 3.89 % of Sainsbury's is not worth more.

During the takeover attempts in 2007 Sainsbury NM Rothschild & Sons took as its financial advisor and it was said that he opposes a sale most reluctant of the major shareholders of the family. During the takeover bids in the first half of 2007, he would not sell at any price.

In August 2009 Sainsbury continued to hold something under 3 % of the company and the benefits of 1.6 % of the equity. Although David Sainsbury with 5.85% holds the largest share in the family and John Sainsbury slightly below 3 %, the yield for David Sainsbury is only 0.57%, compared with 1.6 % for JD Sainsbury. The Sainsbury family as a whole controls about 15 % of Sainsbury's. In the Sunday Times Rich List 2008, the fortune of his family was estimated at £ 1.3 billion.

Charity

1985, he and his two brothers funds ready to build a new wing of the National Gallery, whose costs amount to approximately £ 50 million. It was opened in 1991 as the Sainsbury Wing.

Together with his wife he runs the Linbury Trust, the various projects in the fields of arts, education, environment and national heritage, medicine, social welfare and developing countries financially supported. One of the most famous projects of the Linbury Trust was the renovation of the world-famous Royal Opera House in London in the 1990s. The Linbury Studio Theatre in the building was named in recognition of the important contribution of the Trust so.

1987 Lady Sainsbury founded the Biennial Prize for Stage Design, which is looking for talented newcomers and encouraged in the area of ​​theater design, the price is still financed solely by the Linbury Trust.

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

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

More 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 initially from 1965 to 1971 as Honorary Secretary ( Honorary Secretary ), and later as vice-chairman ( vice -chair ) 1971-1974 worked. From 1972 to 1975 he was Joint Honorary Treasurer of the European Movement. He was from 1976 to 1985 a member of the National Committee for Electoral Reform. 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 from 1987 to 2003 and director from 1995 to 2003 Chair of governors. Since 2003 he has been the Visitor of the Ashmolean Museum. From 2003 to 2005, Sainsbury's director of Rambert School of Ballet and Contemporary Dance.

From 1972 to 1980 he was director of The Economist. Since 2009 he is Director of the Centre for Policy Studies. He is Vice-President ( Vice - President ) of the Royal Opera House Covent Garden, where he was previously director of 1969-85 and 1987-1991 Chairman ( Chairman ) Also since 2009. From 1974 to 1984 and from 1987 to 1997 he was director of the Royal Opera House Trust. For the Royal Opera House Endowment Fund Sainsbury was 2001-2005 Chairman of Trustees.

The Council of Friends of Covent Garden he was a member from 1969 to 1991, where he was chairman from 1969 to 1981. He was a member of the Trusteeship Council ( trustee ) of the National Gallery 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 Supervisory trates ( Council). From 1993 to 2000 he was president of Sparsholt College. When Friends of Nelson Mandela Children 's Fund, he was from 1996 to 2000 one of several directors. Since 2004 he is patron ( patron ) of the Dulwich Picture Gallery, where he was from 1994 to 2000 Chairman of Trustees. Since 2005 he is also the patron of the Sir Harold Hillier Gardens and Arboretum.

Honors

Sainsbury 1980 Knight Bachelor for his services to the food retail industry. In 1982 he became an Honorary Fellow of Worcester College, University of Oxford. In 1985 he became an Honorary Bencher of the Law Society Inner Temple.

He received in 1989 the Albert Medal of the Royal Society of Arts. He was a Knight of the Garter in 1992. In 2000 he was awarded with 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 is the winner of several honorary doctorates. 1985 awarded him the University of London with de honorary doctorate from the ( Hon DScEcon ). The South Bank University honored him in 1992 with a Doctor of Letters ( Hon Dlitt ). From the University of Bristol in 1993, he received an honorary Doctor of Laws. 2000 Sainsbury was awarded by the University of Cape Town with an Honorary DScEcon.

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 the former ballerina Anya Linden. They have three children.