Former Preston supermarket boss Lord Sainsbury of Preston Candover has died at the age of 94

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The former president of one of Britain’s largest supermarket chains has died at the age of 94.

Sir John Sainsbury of Preston Candover was president of Sainsbury and also sat in the House of Lords as a member of the Conservative Party.

The current president and CEO of the supermarket announced the Baron’s death on Friday night and said he lived an “extraordinary life”.

Martin Scicluna said: “We are all deeply saddened to learn of our deaths Life President, Lord Sainsbury of Preston Candover. He was 94 years old and lived an extraordinary life.

Queen Elizabeth II talks to Lord Sainsbury and his wife in front of a replica of one of Sainsbury’s original shops in Covent Garden, London (Archive by Dominic Lipinski / PA)

(PA Archive)

“In his 40-year career at the company, Lord Sainsbury led the business through a period of great change and had a major impact on retail in the UK in the 20th century.”

Lord Sainsbury began working for the family business in 1950, first taking on a role in the food department, then becoming director in 1958, and then becoming vice-president in 1967 – a role he took over from his father. He was then appointed President and CEO in 1969, a position he held until his retirement in 1992.

In a statement, Mr Scicluna said: “Under his leadership, we have modernized our stores, developed our food offerings and put Sainsbury’s on London The stock market at the time was the largest initial public offering in the United Kingdom.

“In 1980, Her Majesty the Queen proclaimed him a knight for services in the food retail trade, in 1989 he became a peer and in 1992 he was named one of only 24 knight garters.

“In recent years, he has 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 Lord Sainsbury’s wife Lady Sainsbury and the rest of the Sainsbury family.”

Mr Scicluna added that Lord Sainsbury was the owner of a shop “in his essence and one of the great 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, ”Mr Scicluna said.

“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.”

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