Forty million of those came from from the "blind" trust, which held Lord Sainsbury's shares while he was a member of the Government as Science Minister. It is highly unusual for a minister to stay in the same job so long. Clare Sainsbury, daughter of David Sainsbury, wrote, The Hon. Donations from companies and wealthy individuals to Labour stood at less than 400,000 in 2020. Between the flotation in 1973 and John Sainsburys retirement in 1992 the companys market capitalisation rose from 117m to over 8bn. Lord Sainsbury, who is currently on leave of absence from the House of Lords, donated more than 4.2m to nine different Remain groups, under four different aliases. David Sainsbury became Lord Sainsbury of Turville in October, 1997 and was appointed Minister of Science and Innovation from July 1998 until November 2006. The former chairman and chief executive of supermarket chain Sainsbury's, Lord Sainsbury of Preston Candover, has died aged 94, the company has announced. [39] If his election had not been contested by 17 June, he would have assumed office on 1 July. He is the author of Progressive Capitalism: How to Achieve Economic Growth, Liberty and Social Justice, which was published in May 2013. The supermarket's current chairman and chief. He was also a member of the cabinet biotechnology committee, Sci-Bio, responsible for national policy on GM crops and foods, and as such . However, the Sainsbury family have managed to use their remaining stake to block takeover bids in the past, as demonstrated by the two failed takeover bids in 2007. Principal members of the Sainsbury family [ edit] For information about our privacy practices, please visit our The party was also overtaken by Labour over the period. Lord David Sainsbury, who is going to accept the Andrew Carnegie Medal of Philanthropy today on behalf of the family, established Gatsby in 1967. It was a period of rapid change in the grocery business. John Davan Sainsbury,Baron Sainsbury of Preston Candover, born November 2nd 1927,died January 14th 2022,according to a statement from the British supermarket chain established by his. 251988 The Gatsby Charitable Foundation. [27] However in late 2018 he donated 25,000 to Scottish Conservatives MP Luke Graham. An earlier version said the 50m Sainsbury wing to the National Gallery was described by the Prince of Wales as a monstrous carbuncle, but that description related to a previous proposal to extend the building. In 2007 he produced for the Government a review of the Governments science and innovation policies, The Race To The Top. 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. Ivor Crewe, Anthony King, "SDP: The Birth, Life and Death of the Social Democratic Party", Oxford University Press, 1995, p. 422. He subsequently apologised for "unintentionally" misleading the public, blaming a mix-up between the 2 million loan and a 2 million donation he had made earlier. Ivor Crewe, Anthony King, "SDP: The Birth, Life and Death of the Social Democratic Party", Oxford University Press, 1995, p. 249, 251. Centre for Cities is a registered charity (No1119841) and a company limited by guarantee In announcing the passing, Scicluna said: "We are all deeply saddened to learn of the death of our Life . Find out more about how we use your personal data in our privacy policy and cookie policy. here. He left J Sainsbury in 1998 after being appointed as Minister of Science and Innovation in the UK Government. Euro heavyweight 'make contact' with Man Utd as shock Mason Greenwood move takes shape. From 1992 to 1997, he served as chairman of Sainsbury's, the supermarket chain established by his great grandfather John James Sainsbury in 1869. Find out how to address a member Image: House of Lords 2022 /Photography by Annabel Moeller Sainsbury joined the Labour Party in the 1960s, but was one of the 100 signatories of the 'Limehouse Declaration' in an advertisement in The Guardian on 5 February 1981;[7] he went on to be a member of the Social Democratic Party (SDP) formed by the authors of the Declaration. . Replying to . A year later, following the Labour Party's election victory, he entered the House of Lords as a Labour peer, being created Baron Sainsbury of Turville, of Turville in the County of Buckinghamshire, on 3 October 1997. Honorary Fellow. If this place doesnt make you smile I dont know what will. He was an honorary fellow of his old college for many years. [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]. 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 Sainsbury began his professional career when he joined the UK retailer J Sainsbury plc in 1963. The Sainsbury family also has varying political interests. He was the son of Alan Sainsbury, Baron Sainsbury, and the nephew of Sir Robert . When he retired on his 65th birthday in 1992, the company had overtaken its rivals to become the largest supermarket in Britain, had branched out into the Homebase do-it-yourself chain, launched in the US by taking over a supermarket group there, and was recording an annual profit of 628m. He was Finance Director of J. Sainsbury plc from 1973 1990, Deputy Chairman from 1988 1992, and Chairman from 1992 1998. 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. 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. [45] The family live in the Manor of Turville in Turville, Buckinghamshire. Your CA . I believe that Keir Starmer has the leadership skills and ability to deal with the economic difficulties we currently face, he said in a statement. From 1992 to 1997, he served as chairman of Sainsbury's, the supermarket chain established by his great grandfather John James Sainsbury in 1869. Alan Sainsbury had introduced the companys first self-service store in Croydon in 1950 after seeing supermarkets in the US an angry customer, affronted at having to serve herself, threw a wire basket at him on opening day and had also started frozen food and own-brand lines. He was appointed Minister of Science and Innovation from July 1998 until November 2006, and had responsibility for the Office of Science and Technology, Innovation, Space, the Bioscience and Chemical Industries, and the Patent Office. The largest family shareholders are Lord Sainsbury of Turville with 4.99% and Lord Sainsbury of Preston Candover, who controls just under 3% of the company, and benefits from 1.6% of the equity included in the above. Cambridge Industrial Innovation Policy, 17 Charles Babbage Road, Cambridge, CB3 0FS. RMG5DMY6 - Lord Sainsbury of Turville, Department of Trade and Industry Parliamentary Secretary, at a photo call at the DTI in central London. CONTACT US + 44 207 451 2500 (Lines open Mon-Fri, 9:00-17:00. I am, therefore, helping the Labour party financially, as I dont think democratic elections should be decided by which party is able to raise the most money, and because I want to see Keir Starmer become prime minister as soon as possible.. The Gatsby Charitable Foundation is an endowed grant-making trust established in 1967 by David Sainsbury which acts as the enabler for projects across a small number of selected fields. The Hon. Lord David Sainsbury: Lord (David) Sainsbury of Turville was Science Minister in Tony Blair's government from 1998-2007. According to the directors' report of 2001, "Christopher Stone, Andrew Cahn and John Rosenheim are . The Lord Sainsbury of Turville David Sainsbury HonFBA FMedSci HonFREng FRS. A Labour spokesperson said: Donors are coming back to Labour because they can see we are a changed party that is serious about getting into government and building a fairer, greener, more dynamic Britain. On this Wikipedia the language links are at the top of the page across from the article title. He was knighted in 1980, and given a life peerage in 1989. Lord Sainsbury of Turville's full title is The Lord Sainsbury of Turville. Sainsbury's current CEO Simon Roberts described him as "one of the great retailers of his time". He was Finance Director of J. Sainsbury plc from 1973 through 1990, Deputy Chairman from 1988 through 1992, and Chairman from 1992 through 1998. authenticate users, apply security measures, and prevent spam and abuse, and, display personalised ads and content based on interest profiles, measure the effectiveness of personalised ads and content, and, develop and improve our products and services. The other theory could be that the most senior members of the family, with previous stakes of over 3% (the reportable stock exchange shareholding threshold), could have simply transferred some of their shares to their children (who previously held few shares), rather than having sold shares onto the open market. Between 2001 and 2011 he provided 2 million of funding for Progress. registered in England (No6215397). On JD Sainsbury's retirement as chairman and chief executive on 2 November 1992, David Sainsbury became chairman. particularly during Covid-19", described in the list as "Philanthropist". During John Sainsburys chairmanship all the remaining 82 counter-service branches were closed and 313 large supermarkets replaced the previous 244 stores. It also signals that the race to raise funds before the next election has already begun. Francesca Sainsbury, daughter of David Sainsbury. He was Financial Controller from 1971 to 1973, just before the company's flotation. During his 40-year career with the firm . 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. At the time, the Lib Dems were fighting on a fiercely anti-Brexit platform. Lady Sainsbury is a Trustee of the Royal Academy of Music. He could be a temperamental boss. Sainsbury's share price increased on the day of this announcement. However, he gave the same amount to the Liberal Democrats, and the funding to both parties was ringfenced for their doomed efforts campaigning to keep Britain inside the European Union. He became Lord Sainsbury of Turville in October 1997 and was appointed Minister of Science and Innovation from July 1998 until November 2006. Appointed to the board in 1958. The size of his latest gift signals that the race to raise funds before the next election, probably to be held next autumn, is well under way. [21] In 2009, he created the Institute for Government with 15 million of funding through the Gatsby Charitable Foundation to help government and opposition politicians to prepare for political transitions and government. lord sainsbury contact. Sainsbury founded the Gatsby Charitable Foundation in 1967. 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. In 2003 Sainsbury was granted the Andrew Carnegie Medal for Philanthropy. Donations to Labour jumped by nearly a quarter to 4.7m understood to be the highest quarterly figure for six years. In October 1997 he was made a life peer, becoming Lord Sainsbury of Turville. [26], After the 2017 general election, Sainsbury announced he would no longer provide financial backing to party political causes, but will donate to charitable causes. Snapshot. Lord Sainsbury returns to the Labour fold with 2m donation The former chair of the supermarket chain was a big donor to Blair and Brown but cut off his support under Corbyn Michael Savage. John Sainsbury, Baron Sainsbury of Preston Candover, KG (1927-2022), best-known as the former Chairman of one of the UK's largest supermarket chains, has died aged 94. David Sainsbury who is a grocer and a politician is also one of Britain's richest men and was a multi-millionaire by the time he was in his 20s. Perhaps more than. In the Sunday Times Rich List 2008 his family fortune was estimated at 1.3 billion. ", "SAINSBURY FACES INQUIRY ABOUT 2m LOAN - FT.com", Ministers quizzed in donor probe. lord sainsbury contact. The halving of the generous dividend yield in recent years may have been a significant factor regarding the family's decision to reduce their shareholdings. [2] He served in the government as Parliamentary Under-Secretary of State for Science and Innovation from 1998 and 2006. John Davan Sainsbury, Lord Sainsbury of Preston Candover, businessman and philanthropist, born 2 November 1927; died 14 January 2022. [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. He is the founder of the Gatsby Charitable Foundation, Centre for Cities and the Institute for . [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. Starmers leadership received a ringing endorsement from Sainsbury, but the donation may cause controversy on the Labour left. Elected: 2008. His donations were typically earmarked to specific projects rather than general day-to-day operations. Lord David Sainsbury Chancellor of the University of Cambridge, UK David Sainsbury read History and Psychology at King's College, Cambridge, and then joined J Sainsbury plc in 1963. Robert Butler-Sloss, son of Elizabeth Butler-Sloss, Baroness Butler-Sloss. He was deputy chairman from 1988 to 1992. That makes him one of the Liberal Democrats' biggest donors . 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. Among them, in collaboration with other family members, was the 50m Sainsbury wing to the National Gallery. Please complete the boxes below and click the submit button. Voting record. Please complete the boxes below and click the submit button. Born John Sainsbury, his 40-year career with the. Get IQ. He was appointed as Chancellor of Cambridge University in 2011. During 2016 he had donated 260,000 to Progress in addition to backing "Remain" organisations. Lord Sainsbury started working in his family's business in 1950, initially taking on a role in the grocery department. Martin Scicluna, current Chair of Sainsbury's, has announced that Lord John Sainsbury of Preston Candover has passed away. 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. The last family member to work for the company was Tim Sainsbury who retired as a non-executive director in 1999.
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