Ivor Crewe, Anthony King, "SDP: The Birth, Life and Death of the Social Democratic Party", Oxford University Press, 1995, p. 249, 251. At the time, the Lib Dems were fighting on a fiercely anti-Brexit platform. Sainsbury has been a long-time patron of the socialist society Scientists for Labour. At this point, David Sainsbury, who had wanted to step down at the end of 1997, made a surprise announcement of his retirement as chairman to pursue his long-held ambition to have a career in politics, after "32 enjoyable and fulfilling years" working for Sainsbury's. Lord Sainsbury gave the UK's biggest ever political donation to the Liberal Democrats in the run up to last year's election, only for the party to lose a seat and its leader. If this place doesnt make you smile I dont know what will. 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. John Davan Sainsbury, Lord Sainsbury of Preston Candover, businessman and philanthropist, born 2 November 1927; died 14 January 2022. Born John Sainsbury, his 40-year career with the. We are very grateful for all support, large or small, as we gear up to fight the next general election. Sainsbury married the former ballet dancer Anya Linden in 1963 and the couple established the Linbury charitable trust a combination of their two names to channel donations eventually totalling more than 150m to projects largely devoted to art and the performing arts, heritage and educational projects. In his book, Windows of Opportunity: How Nations Create Wealth, Lord Sainsbury draws on his experience in business and government to assemble the evidence about how growth happens, arguing that it comes not as steady progress but in a series of jumps, based on investment in high value-added firms.He argues that the role of government in 'picking winners' should be at the level . Mark Sainsbury, son of John Davan Sainsbury. Born David John Sainsbury on 24 October 1940, he came into riches after. 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. Experience. Data released on Thursday shows the central party attracted more than 6 million from individuals . 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. Alternatively you can write to us at: The Peak, 5 Wilton Road, London, SW1V 1AP, The Gatsby Charitable Foundation, The Peak, 5 Wilton Road, London, SW1V 1AP. The flagship of this fleet of trusts is the Gatsby Charitable Foundation. The largest shareholder is the Qatar Investment Authority, the investment vehicle of the Qatari royal family of the Gulf Kingdom, who as of May 2011 holds 25.999% of the company. Starmers leadership received a ringing endorsement from Sainsbury, but the donation may cause controversy on the Labour left. [14][verification needed], In April 2006, it was reported Sainsbury "faced a possible probe into an alleged breach of the ministerial code after admitting he had failed to disclose a 2 million loan he had made to the Labour Party despite publicly stating that he had." 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. The family sold down their stake from 35% in 2005. [citation needed] He has argued that there are "far too many reshuffles", and that there were considerable benefits to his remaining in post for so long. John Sainsbury, Lord Sainsbury of Preston Candover, who has died aged 94, was the driving force behind the family supermarket chain for 23 years as its determined chairman. Lord Sainsbury started working in his family's business in 1950, initially taking on a role in the grocery department. Today, the family has many interests, including business, politics, philanthropy, arts, and sciences. He received an M.B.A. from the Columbia Graduate School of Business in New York in 1971. On his retirement as chairman, to avoid any conflict of interest, David Sainsbury placed his then 23% stake in Sainsbury's into a "blind" trust, to be administered by lawyer Judith Portrait. 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. Lord Sainsbury of Preston Candover. In announcing the passing, Scicluna said: "We are all deeply saddened to learn of the death of our Life . He is the founder of the Gatsby Charitable Foundation, Centre for Cities and the Institute for . Thanks to Keir Starmers leadership, the Labour party is in a strong and positive financial position, having experienced significant growth in income throughout 2022, leaving us debt and deficit-free., Original reporting and incisive analysis, direct from the Guardian every morning, David Sainsbury: Keir Starmer wants to reunite the country around an agenda of growth and social justice, which is one I strongly support.. Parliament operator: 020 7219 3000 Message service: 020 7219 5353 Postal mail Address your letter to a specific member, and post to: House of Lords, London, SW1A 0PW Bulk mailshots to members are not accepted. He was Finance Director of J. Sainsbury plc from 1973 through 1990, Deputy Chairman from 1988 through 1992, and Chairman from 1992 through 1998. At the end of May 2001 the total holding of these trusts amounted to 28 per cent of the Company's share capital[10]. Euro heavyweight 'make contact' with Man Utd as shock Mason Greenwood move takes shape. 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. He received the Andrew Carnegie Medal for Philanthropy on behalf of the Sainsbury family in 2003. He then completed an MBA at Columbia Business School in the United States. Centre for Cities is a registered charity (No1119841) and a company limited by guarantee 251988 The Gatsby Charitable Foundation. The Lord Sainsbury of Preston Candover KG (Grenville 46) 02 November 1927 - 14 January 2022. He was Finance Director of J. Sainsbury plc from 1973 to 1990 and Chairman from 1992 to 1998. He is survived by Anya, their two sons, John Julian and Mark, and a daughter, Sarah. The Hon. As a government minister since 1998, his shares were held in a blind trust until 2007. He was the beloved husband of Anya, Lady Sainsbury, the adored father to Sarah, Julian and Mark and a much loved . The last family member to work for the company was Tim Sainsbury who retired as a non-executive director in 1999. [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. The son of Sir Robert Sainsbury (19062000) and Lisa Ingeborg (ne van den Bergh; 19122014),[5] Sainsbury attended Eton College before going on to earn a degree in History and Psychology at King's College, Cambridge. The former chairman and chief executive of supermarket chain Sainsbury's, Lord Sainsbury of Preston Candover, has died aged 94, the company has announced. 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. John McDonnell, the shadow chancellor under Corbyn, has previously suggested that the peer should be expelled for his support of the Lib Dems. 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. The same. Over his long, active life he had two careers: as the titan that transformed the family grocery firm of Sainsburys into an iconic part of British life, and no less importantly, as a philanthropist who championed all aspects of the arts . [15][16], In July 2006, he became the first government minister to be questioned by police in the "Cash for Peerages" inquiry. 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. John James Sainsbury (c.1844 - c.1928), co-founder of the Sainsbury's supermarket chain. Newsletter. During his 40-year career with the firm . Lord Sainsbury, whose mantra was "retail is in the detail" retired from his role as chief executive and chairman in 1992. David Sainsbury read History and Psychology at Kings College, Cambridge, and then joined J Sainsbury plc in 1963. Sainsbury joined the family firm, then known as J. Sainsbury Ltd., in 1963, working in the personnel department. Lord Sainsbury at a Wedding in Berkshire. He is an Honorary FREng (Honorary FEng 1994), an Honorary FRS 2008, and an Honorary FMedSci 2008. From 1992 to 1997, he served as the Chair of Sainsbury's, the supermarket chain established by his great-grandfather John James Sainsbury in 1869. . He gave both Labour & Lib Dems c.2m each in 2016, but ring-fenced for their Remain campaign . 5 Jun. RMG5DMY6 - Lord Sainsbury of Turville, Department of Trade and Industry Parliamentary Secretary, at a photo call at the DTI in central London. By Posted jordan schnitzer house In strengths and weaknesses of a volleyball player 46K Views 10 Retweets 38 Quote Tweets 51 Likes Peter Green @PeterGreen1966 The Mail on Sunday reported that the value of his shares in the biotech company . Lord Sainsbury returns to Labour with 2m donation after cutting ties during Corbyn era Adam Forrest February 26, 2023, 9:18 AM Sir Keir Starmer has been given a 2m boost from a major New. From 1992 to 1997, he served as chairman of Sainsbury's, the supermarket chain established by his great grandfather John James Sainsbury in 1869. @michaelsavage. [38], In 2011, Sainsbury was formally proposed by the Nominations Board of Cambridge University to succeed the Duke of Edinburgh as Chancellor of the University of Cambridge. There was also the Linbury studio theatre attached to the Royal Opera House, the Linbury biennial prize for stage design and a 25m donation to the British Museum. This is the contact form to use for any general enquiries. Nov 5th 1998 |. He became a director in 1966. [13] He gave another 500,000 on 15 December 2008, making a total of 18.5 million. 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. 10,000? David John Sainsbury, Baron Sainsbury of Turville, FRS, HonFREng (born 24 October 1940) is an English politician, businessman and philanthropist. [3] He also made the largest donation in British political history, giving 8 million to the Liberal Democrats.[4]. Lord John Sainsbury of Preston Candover - the former chairman of the supermarket chain - has died aged 94. He was elected Chancellor of the University of Cambridge in October 2011. While a boost for Starmer, the news will cause controversy on the partys left. He was Financial Controller from 1971 to 1973, just before the company's flotation. 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 . The Hon. [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. His championing and bankrolling of pro-EU groups could also be used by the Tories to attack Labour. European Union and British. IN 1949 Alan Sainsbury returned to Britain from a voyage of discovery to the United States. 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. UK's biggest political donor, Lord Sainsbury, to end his contributions Peer to concentrate on charitable causes as Labour thinktank Progress says it will turn to members to make up its shortfall. With concerns that funding from Labours affiliated unions could drop after the days of Jeremy Corbyns leadership, the party has been on a concerted charm offensive to attract back the kind of business and individual donations that it received under Tony Blair and Gordon Brown. It was a period of rapid change in the grocery business. Donations from companies and wealthy individuals to Labour stood at less than 400,000 in 2020. He received an M.B.A. from the Columbia Graduate School of Business in New York in 1971. 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. 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%.. 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. He served on a wide range of boards and as a trustee for institutions including the Royal Ballet School, the Royal Opera House, Dulwich Picture Gallery, the National and Tate galleries, the Ashmolean Museum, the Rhodes Trust and the Nelson Mandela childrens fund. You can unsubscribe at any time by clicking the link in the footer of our emails. He was the son of Alan Sainsbury, Baron Sainsbury, and the nephew of Sir Robert . In 2007 he produced a review of the Governments science and innovation policies, The Race To The Top and in May 2013 published Progressive Capitalism: How to Achieve Economic Growth, Liberty and Social Justice. Moved into trading as a biscuit buyer. [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]. Cambridge Industrial Innovation Policy is based at the Institute for Manufacturing (IfM), a division of the University of Cambridges Department of Engineering. The news comes as insiders say that the party is now debt- and deficit-free after facing significant bills for legal action, redundancies and falling membership revenue that left it plunging into the red at the start of last year. For information about our privacy practices, please visit our This contains the Sainsbury coat of arms among many others who were donors or fundraisers and was designed by John Lawson. 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?