He became a director two years later and vice-chairman following his fathers retirement in 1967. Lord Sainsbury of Preston Candover. 020 7803 4300. He said he had backed the remain campaign because he believed strongly that coming out of Europe will be damaging to our economy and society, and dangerously so if we come out of the common market. [39] However, his nomination became the first in 163 years to be contested by another candidate when, on 29 May, local shopkeeper Abdul Arain stood in protest at a planning application for a Sainsbury's Local branch in Cambridge's Mill Road district, triggering a contest that would have to wait until an October ballot. Snapshot. That makes him one of the Liberal Democrats' biggest donors . [13] He gave another 500,000 on 15 December 2008, making a total of 18.5 million. Sainsbury also formerly funded the Progress group, associated with the Labour right, and gave a small donation to a Tory MP in 2018. While a boost for Starmer, the news will cause controversy on the partys left. Private donations to the Labour party have hit a 14-year high, thanks to the Sainsbury family. Product ID: 2682768 / SCAN-IND-02682768. Find out how to address a member Image: House of Lords 2022 /Photography by Annabel Moeller Between the flotation in 1973 and John Sainsburys retirement in 1992 the companys market capitalisation rose from 117m to over 8bn. Principal members of the founding family of the UK supermarket chain Sainsbury's are: No family member works for the company, although John Davan Sainsbury is the Life President of the firm. The former chairman and chief executive of major supermarket giant Sainsbury's, Lord Sainsbury of Preston Candover, has died aged 94. In 1956, Sainsbury became chairman after the death of his father, John Benjamin. During the private equity takeover bid in the first half of 2007, David indicated he was willing to let the Sainsbury's board open its books for due diligence if someone offered him a price of 600 pence per share or more. Stowe School. Terms. CONTACT US + 44 207 451 2500 (Lines open Mon-Fri, 9:00-17:00. [4] Adrian Kanabus has set up Adrians Charity.[5]. After the 1983 election, he prompted the party to give more priority to recruiting members and finding a firm financial base; he was by far the biggest donor to the party, and a trustee,[8] giving about 750,000 between 1981 and 1987. Sainsburys last large donation to Labour was in 2016, when he gave the party more than 2m. Martin Scicluna, current Chair of Sainsbury's, has announced that Lord John Sainsbury of Preston Candover has passed away. The former chairman of the supermarket chain was 94. By Peter McLaren-Kennedy 15 January 2022 7:47. It was very much a family firm: he succeeded his uncle, Sir Robert Sainsbury, as head of the business, and on retirement passed the chairmanship on to Sir Roberts son David Sainsbury: a not entirely happy arrangement, as his cousin, 13 years his junior, did not seem as committed to the grocery business as he was. He left J Sainsbury in 1998 after being appointed as Minister of Science and Innovation in the UK Government. Lord John Sainsbury of Preston Candover was the president of Sainsbury's and also sat in the House of Lords as a member of the Conservative Party. When the company listed on the London Stock Exchange on 12 July 1973, at the time the largest flotation ever, his family retained control with an 85% stake. There is also in the vestibule of this chapel an enamelled plaque which reads: This image can be purchased from Westminster Abbey Library, Image 2023 Dean and Chapter of Westminster. View Site Tips Help Centre Contact Us About Us Accessibility myFT Tour Careers. The Lord Sainsbury of Turville David Sainsbury HonFBA FMedSci HonFREng FRS. During his 40-year career with the. He retained the presidency of the company and led successful family opposition to a takeover bid by private equity companies in 2007. He was knighted in 1980, and given a life peerage in 1989. registered in England (No6215397). 10,000? Lord Sainsbury of Turville Chairman of the Board David Sainsbury was Finance Director of J. Sainsbury plc from 1973-90, Deputy Chairman from 1988-92, and Chairman from 1992-98. Get IQ. John Davan Sainsbury, Baron Sainsbury of Preston Candover, KG (2 November 1927 - 14 January 2022 [2]) was the President of Sainsbury's, a British businessman, and a politician. [11], Between 1996, the year he rejoined Labour, and 2006, when he stood down as a government minister, Sainsbury donated 16 million to the Labour Party, usually in batches of 1 million or 2 million each year. His beneficial holding became just 7.75% when he regained control of his shares in February 2007 following his decision to step down as Parliamentary Under-Secretary of State for Science and Innovation in November 2006. This active involvement of the Foundations settlor means Gatsby operates in areas that David Sainsbury is particularly passionate about, and where he believes charitable funding can make a real difference. Lord Sainsbury was a generous donor to the Westminster Abbey Appeal Fund which raised millions of pounds for restoring the exterior of the Abbey and also Henry VII's Lady Chapel. Please note that fraudsters are currently sending emails reporting to be from Gatsby - we do not contact people offering grants from webmail accounts, and urge you to please report any such emails to help others stay safe. Learn how and when to remove this template message, Parliamentary Under-Secretary of State for Science and Innovation, "David Sainsbury, Baron Sainsbury of Turville", 2016 European Union membership referendum, became the first in 163 years to be contested by another candidate, John Sainsbury, Baron Sainsbury of Preston Candover, KG, "Lord Sainsbury gave biggest political donation in history", "An Interview with Sir Robert and Lady Sainsbury", "Cash for honours: What am I bid? Sainsbury was not seen as a bid target until it reported in February that the Sainsbury family had reduced its total stake by three per cent, 52 million shares. In 1996, Sainsbury's announced its first drop in profits in 22 years, and the first of three profits warnings during his chairmanship was issued. In 1973 the company was floated on the stock market in what was described as the biggest flotation to that time, the family owning 85% of the stock, though that decreased substantially over time as shares were redirected to the familys web of charitable trusts and foundations. In the first nine months of 2022 alone, the figure stood at more than 2.7m. His great-grandparents, John James Sainsbury and Mary Ann Staples, established a grocer's at 173 Drury Lane in 1869 which became the British supermarket chain Sainsbury's. We use MailChimp as our marketing platform. He gained an MBA from the Columbia Graduate School of Business in New York in 1971 before becoming J Sainsburys Finance Director in 1973, holding the position for 17 years. You can change your choices at any time by clicking on the 'Privacy dashboard' links on our sites and apps. Registered Charity No. His name was John Davan Sainsbury. After receiving the item, contact seller within Refund will be given as Returns shipping; 30 days: Money Back: Buyer pays for return shipping: Refer to eBay Return policy opens in a new tab or window for more details. [40] Four days later, a group of Cambridge University alumni successfully drafted actor Brian Blessed as an alternative candidate. Today, the family has many interests, including business, politics, philanthropy, arts, and sciences. If this place doesnt make you smile I dont know what will. The last family member to work for the company was Tim Sainsbury who retired as a non-executive director in 1999. [20], Sainsbury has also been associated with the Institute for Public Policy Research and Progress. . CIIP brings together the Centre for Science, Technology & Innovation Policy at the Institute for Manufacturing, the Policy Links Unit from IfM Engage, and the Babbage Policy Forum. Discussion. Biography. Focus areas. Cambridge Industrial Innovation Policy is based at the Institute for Manufacturing (IfM), a division of the University of Cambridges Department of Engineering. @michaelsavage. He is the founder of the Gatsby Charitable Foundation, and in 2003 received, on behalf of the Sainsbury family, the Andrew Carnegie Medal for Philanthropy. 2023 Centre for Cities Sainsbury has been a long-time patron of the socialist society Scientists for Labour. Lord John Sainsbury will be remembered for his devotion to the arts and cultural sector, alongside his other charitable interests, which include education access for young people, homelessness, independent living for older people, and humanitarian aid. It was said by the Financial Times to be "one of the biggest donations ever made to a British university surpassed only by a 2000 gift to the university by the Bill and Melinda Gates Foundation. David John Sainsbury, Baron Sainsbury of Turville, HonFRS, HonFREng [1] (24 October 1940) is a British politician, businessman and philanthropist. The Hon. He was Finance Director of J. Sainsbury plc from 1973 through 1990, Deputy Chairman from 1988 through 1992, and Chairman from 1992 through 1998. The Sunday Times reported in September 2006 that "The Sainsbury family continues to [sell] shares in the 6.2 billion retailer and for the first time their combined holding has fallen below 20%.. [9], Along with David Owen, Sainsbury opposed merging the SDP with the Liberal Party after the 1987 election, and provided office space for Owen to help him re-establish a separate political party, which was created in 1988. [citation needed] He is associated with[vague] the Labour Friends of Israel. Lord Sainsbury was a regular donor to the Labour party for years but surprised Westminster by giving the beleaguered Lib Dems two donations totalling a massive 2.1million in 2016. From July 1998 to November 2006, he held the office of Parliamentary Under-Secretary of State for Science and Innovation at the Department of Trade and Industry, serving in the House of Lords and accepting no salary. 251988 The Gatsby Charitable Foundation. [3] He also made the largest donation in British political history, giving 8 million to the Liberal Democrats.[4]. David Sainsbury began his professional career when he joined the UK retailer J Sainsbury plc in 1963. This article was amended on 17 January 2022. The Mail on Sunday reported that the value of his shares in the biotech company . John Sainsbury, who passed away on 14 January, aged 94, is remembered for his business acumen, but he also had an avid interest in archaeology and the arts. I am proud to be a Cambridge graduate and know both British and foreign universities as a result of my eight years as Minister of Science and Innovation. Moved into trading as a biscuit buyer. Lord Sainsbury also visited the University's Advanced Manufacturing Research Centre (AMRC), which carries out world-leading research into advanced machining, manufacturing and materials and has more than 100 industrial partners, ranging from global giants like Boeing, Rolls-Royce, BAE Systems and Airbus to small companies. He then completed an MBA at Columbia Business School in the United States. Wednesday, 28 February, 2007. John James Sainsbury (c.1844 - c.1928), co-founder of the Sainsbury's supermarket chain. ", "SAINSBURY FACES INQUIRY ABOUT 2m LOAN - FT.com", Ministers quizzed in donor probe. FT Alphaville Stacy-Marie Ishmael. I am proud to be a Cambridge graduate and know both British and foreign universities as a result of my eight . He was the beloved husband of Anya, Lady Sainsbury, the adored father to Sarah, Julian and Mark and a much loved . That does not include the latest 2m gift. The party was also overtaken by Labour over the period. The supermarket's current chairman and chief executive announced the death of the Baron on Friday evening, saying he had lived a "remarkable life". He could be a temperamental boss. Self . Spoken contributions. [12] He donated a further 2 million on 7 September 2007, stating that he was impressed by Gordon Brown's leadership and believed "that Labour is the only party which is committed to delivering both social justice and economic prosperity". It also signals that the race to raise funds before the next election has already begun. Replying to . In 2007 he produced for the Government a review of the Governments science and innovation policies, The Race To The Top. He was the son of Alan Sainsbury, Baron Sainsbury, and the nephew of Sir Robert . Mr JD, as he was known within the company, was said to be a retailer to his fingertips, personally tasting each of the companys product lines before it went on sale and approving all packaging designs. His father, Sir Robert Sainsbury, gave almost his entire stake in the company to David Sainsbury, his only son, whereas his uncle Alan Sainsbury split his stake in the business between his sons John Davan Sainsbury, Simon Sainsbury, and Tim Sainsbury. European Union and British. [28], During the 2019 United Kingdom general election campaign Sainsbury donated 8 million to the Liberal Democrats, over half the party's election funding, making its election donations larger than the Labour Party's.[29]. Born John Sainsbury, his 40-year career with the. For information about our privacy practices, please visit our During his time at J Sainsbury he also served on the governing boards of a number of political organisations as well as bodies representing business interests. He is the founder of the Gatsby Charitable Foundation, Centre for Cities and the Institute for Government. Lord Sainsbury at a Wedding in Bershire. Search: David Sainsbury. Sarah Sainsbury, daughter of John Davan Sainsbury, married to Hon. Lord Sainsbury of Turville, Elected as Chancellor of Cambridge University. After national service with the army in Palestine, he joined the family firm in 1950, becoming a buyer the following year and being put in charge of bacon purchases in 1956. He is also a donor to Blair's Labour Party. lord sainsbury contact. By clicking to subscribe, you acknowledge that your information will be transferred to MailChimp for processing. [31][32] In 1993, he donated 200 million of Sainsbury's shares to the Foundation's assets. He was an honorary fellow of his old college for many years. His name is David John Sainsbury, and he has retired from the House of Lords. Lord Sainsbury's relationship with the Royal Opera House spanned more than fifty years, including a period at Chair of the Board of the Royal Opera House, In 1974 he and his wife, the former Royal Ballet Principal dancer Anya Linden, established the Linbury Trust, which made possible many Royal Opera House productions, including The Sleeping Beauty, Manon, A Month in the Country and John . [18] He categorically denied that his resignation had anything to do with the "Cash for Peerages" affair, although this was contradicted by subsequent press reports attributed to "Labour insiders" which suggested that his resignation was indeed a direct consequence of the affair.[19]. He is the nephew of Alan Sainsbury. In a sign he was preparing a return, Sainsbury, who was made a Labour peer in 1997, quietly made a small donation last year to support the work of the shadow chancellor, Rachel Reeves. Donations to the Tories actually fell by 40% in the third quarter of last year the last quarter for which figures are available. jack the ripper documentary channel 5 / ravelry crochet leg warmers / lord sainsbury contact. The same. Data released on Thursday shows the central party attracted more than 6 million from individuals . He ranked 14 out of 50 on the Top 50 Influential Lib Dems of 2020 list the only non-Lib Dem member to feature.[30]. Feb 25. info@centreforcities.org Francesca Sainsbury, daughter of David Sainsbury. A exit poll has shown that former Labour minister Lord Sainsbury is on course to be elected Chancellor of Cambridge University, with a clear lead over actor Brian Blessed and lawyer Michael Mansfield. Perhaps more than anyone else he secured its position as one of the countrys leading food shops. He received an M.B.A. from the Columbia Graduate School of Business in New York in 1971.