Sainsbury’s is the 2nd biggest chain of grocery stores in the United Kingdom, with a 16.9% share of the supermarket sector in the United Kingdom. Established in 1869, by John James Sainsbury with a store in Drury Lane, London, the company ended up being the largest seller of grocery stores in 1922, was an early adopter of self-service selling in the United Kingdom, and also had its heyday throughout the 1980s.
In 1995, Tesco surpassed Sainsbury’s to become the market leader, and Asda became the second largest in 2003, benching Sainsbury’s to third area for most of the succeeding period up until January 2014, when Sainsbury’s regained 2nd area.
The holding company, J Sainsbury plc, is split right into three departments: Sainsbury’s Grocery stores Ltd (consisting of comfort shops), Sainsbury’s Bank and Sainsbury’s Argos. The team’s head workplace remains in Sainsbury’s Assistance Centre in Holborn Circus, City of London. The team also has passions in building.
As of February 2018, the biggest general investor is the sovereign riches fund of Qatar, the Qatar Financial Investment Authority, which holds 21.99% of the business. It is detailed on the London Stock Exchange as well as is a component of the FTSE 100 Index.