Sainsbury's
British supermarket chain / From Wikipedia, the free encyclopedia
Dear Wikiwand AI, let's keep it short by simply answering these key questions:
Can you list the top facts and stats about J Sainsbury?
Summarize this article for a 10 year old
J Sainsbury plc, trading as Sainsbury's, is a British supermarket and the second-largest chain of supermarkets in the United Kingdom.[2]
Sainsbury's | |
Company type | Public |
Industry | Retailing |
Founded | 1869; 155 years ago (1869) in Holborn, London, United Kingdom |
Founder | John James Sainsbury |
Headquarters | London, England, United Kingdom |
Number of locations | 1,442 shops (2024) |
Area served | United Kingdom |
Key people | Martin Scicluna (Chairman) Simon Roberts (CEO) |
Products | Hypermarket/Superstore, supermarket, convenience shop, forecourt shop |
Brands | Argos Habitat Nectar Tu |
Revenue | £31.491 billion (2023)[1] |
£972 million (2023)[1] | |
£207 million (2023)[1] | |
Number of employees | c. 162,000 (2023)[1] |
Subsidiaries |
|
Website |
Founded in 1869 by John James Sainsbury with a shop in Drury Lane, London, the company was the largest UK retailer of groceries for most of the 20th century. In 1995, Tesco became the market leader when it overtook Sainsbury's, which has since been ranked second or third: it was overtaken by Asda from 2003 to 2014, and again in 2019.[3][4] In 2018, a planned merger with Asda was blocked by the Competition and Markets Authority over concerns of increased prices for consumers.[5]
The holding company, J Sainsbury plc, is split into three divisions: Sainsbury's Supermarkets Ltd (including convenience shops), Sainsbury's Bank, and Argos. As of 2021, the largest overall shareholder is the sovereign wealth fund of Qatar, the Qatar Investment Authority, which holds around 15% of the company.[6] It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.