Sainsbury’s is the 2nd largest chain of supermarkets in the United Kingdom, with a 16.9% share of the supermarket sector in the UK. Established in 1869, by John James Sainsbury with a shop in Drury Lane, London, the business ended up being the largest merchant of groceries in 1922, was an early adopter of self-service retailing in the UK, and also had its heyday during the 1980s.
In 1995, Tesco overtook Sainsbury’s to become the marketplace leader, and Asda ended up being the 2nd biggest in 2003, demoting Sainsbury’s to 3rd location for most of the succeeding duration till January 2014, when Sainsbury’s regained 2nd area.
The holding company, J Sainsbury plc, is divided right into 3 divisions: Sainsbury’s Supermarkets Ltd (including comfort stores), Sainsbury’s Financial institution and Sainsbury’s Argos. The group’s head workplace remains in Sainsbury’s Assistance Centre in Holborn Circus, City of London. The group also has interests in residential property.
Since February 2018, the biggest overall investor is the sovereign wealth fund of Qatar, the Qatar Investment Authority, which holds 21.99% of the business. It is listed on the London Stock Exchange as well as is a constituent of the FTSE 100 Index.