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Sir John Sainesbury died at the age of 94

Sir John Sainsbury, life president and former boss of Sainsbury’s supermarket chain, dies at age 94


Sir John Sainsbury, life president and former boss of Sainsbury’s supermarket chain, died at the age of 94.

A great-grandson of company founder John James Sainsbury, he began working in the grocery sector in 1950, was promoted to Vice Chairman in 1967, and took over from his father, Alan Sainsbury.

He eventually became Chairman and Chief Executive Officer in 1969, taking over his uncle, Sir Robert Sainsbury. He played that role for 28 years.

Positive Thinking: Sir John Sainsbury was the great-grandson of the company’s founder, John James Sainsbury.

Under his control, Sainsbury’s was listed on the London Stock Exchange in 1973. It was the largest list on the market at the time.

The debut was called the “Century Sale” by the media, but the family initially held control of the group.

He also led the company through a period of modernization as British grocery stores moved from counter service shops to modern supermarkets, while expanding the number of Sainsbury’s stores throughout the UK.

He was valued for purchasing a major site in southeast England and helped make Sainsbury’s real estate one of the most valuable of the supermarket groups.

Despite his retirement in 1992, Sainsbury’s became a retailer’s president for life and continued to visit stores and attend company meetings until his death.

“During the company’s 40-year career, Sir Sainsbury led the business through a period of great change and had a major impact on British retail in the 20th century,” said Martin Scicluna, Chairman of Sainsbury’s. I am.

“He will be greatly missed by the Sainsbury Board and all his friends and colleagues.”

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Sir John Sainesbury died at the age of 94

Source link Sir John Sainesbury died at the age of 94

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