Lord Sainsbury of Preston Candover died at the age of 94

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE

Lord Sainsbury of Preston Candover, President of Life Sainsbury’s supermarket chain and a conservative peer, died at the age of 94.

Lord Sainsbury began working in the family business in 1950 and initially took on a role in the food department.

In 1958 he became the director of the grocery store, and then in 1967 he took over the role of deputy president from his father.

Until his retirement in 1992, he was appointed President and CEO.

Her Majesty the Queen proclaimed him a Knight for Food Retail Services in 1980, in 1989 he became a life peer, and in 1992 he was named one of the 24 Knights of the Garter.

Lord Sainsbury is also known for his philanthropic donations. He founded the Linbury Trust in the early 1970s with his wife Lady Anya Sainsbury CBE, formerly Anya Linden, a ballerina of the Royal Ballet.

Linbury has donated millions to charities around the world to support things from the arts to access to youth education, homelessness and humanitarian aid abroad.

Lord Sainsbury and his two brothers Simon and Timothy paid for the £ 35 million Sainsbury wing in the National Gallery in the 1990s.

Martin Scicluna, President of the FTSE 100 Group, commented: “Under his leadership, we modernized our stores, developed our food offering and left Sainsbury’s on the London Stock Exchange, which was the largest initial public offering in the UK at the time.

“In recent years, hosted a visit from Her Majesty the Queen to celebrate the 150th anniversary of our business. He will be greatly missed by the Board of Directors and all his friends and associates at Sainsbury. We extend our condolences to the wife of Lord Sainsbury, Lady Sainsbury, and to the rest of the Sainsbury family. “

Simon Roberts, CEO, said: “Lord Sainsbury was essentially a trader and one of the greatest retailers of his time. He was ambitious for the company and led Sainsbury’s through a period of unprecedented growth; he was a truly inspiring man.

“Although many will miss him, his tremendous contribution to Sainsbury and the values ​​he loved and believed in will remain alive at the heart of our business.”

.

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE

Leave a Comment

error: Content is protected !!