J Sainsbury plc. is the holding company for Sainsbury’s Supermarkets Ltd, which is the UK’s third largest supermarket. It was founded in 1869 by John James Sainsbury and his wife Mary Ann Sainsbury. By 1922 it was the largest grocery retailer in the UK and held this position through until the 1995 when Tesco took the top spot. In 2003 Asda nudged Sainsbury’s down into 3rd place.
Lord Sainsbury of Turville (great-grandson of John James Sainsbury) holds a 4.99% stake in the company. The Qatar Investment Authority are the largest shareholder, with 25.999% of the company shares.
In May 2013 they took full control of their banking division, Sainsbury Bank, by buying out the Lloyds holding – see Sainsbury’s Hopes For An Independent Bank.
Sainsbury’s now runs 1012 stores in the UK, which includes 572 supermarkets and 440 convenience stores. They also sell via the Internet with Sainsbury’s Online and have a £8.6 billion property portfolio.
Subsidiary businesses of Sainsbury’s include the following:
- Sainsbury’s Local – convenience store chain by Sainsbury’s
- Sainsbury’s Central – mini-supermarkets by Sainsbury’s, due to be phased out and be re-branded under the core Sainsbury’s ‘Main Mission’ format
- Sainsbury’s Online – Online shopping service from Sainsbury’s
- Sainsbury’s Active Kids – loyalty voucher scheme by Sainsbury’s
- Sainsbury’s Bank – Financial services from Sainsbury’s and Lloyds Banking Group, established in February 1997
Company slogan: “Live Well For Less”
- 33 Holborn, London, EC1N 2HT, United Kingdom
- Web: www.sainsburys.co.uk
Dividends are paid twice a year, with an interim dividend paying in December / January and a final dividend paying in July. Sainsbury’s pays cash dividends direct to customer bank accounts on Pay Date.
Sainsburys run a DRIP (Dividend Reinvestment Plan) that gives shareholders the opportunity to use their cash dividend to buy shares in the Company through a special dealing arrangement.