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John Sainsbury, the supermarket chain’s former chairman, has died aged 94. Lord Sainsbury of Preston Candover was the chairman of Sainsbury’s and also sat in the House of Lords as a Conservative.

The supermarket’s current chairman and chief executive, Martin Scicluna, announced the death on Friday evening, saying he had lived a “remarkable life”.

“We are all deeply saddened to learn of the passing of our Chairman for Life, Lord Sainsbury of Preston Candover. He was 94 and lived a remarkable life.

“During his 40-year career with the company, Lord Sainsbury led the company through a period of great change and had a major impact on UK retail in the 20th century.”

John Sainsbury began working in the family business in 1950, first taking on a role in the grocery department before becoming manager in 1958 and then vice-chairman in 1967 – a role he took over from his dad. Then in 1969, he was appointed Chairman and Chief Executive Officer, which he held until his retirement in 1992.

Scicluna said: ‘Under his leadership we upgraded our stores, expanded our food ranges and floated Sainsbury’s on the London Stock Exchange in what was, at the time, the biggest initial public offering ever in the UK. -United.

“He was knighted by Her Majesty The Queen in 1980 for his service to the food retail industry, made a Life Peer in 1989 and in 1992 was named one of 24 knights of the garter.

“In recent years, he has hosted Her Majesty The Queen to celebrate our company’s 150th anniversary. He will be sadly missed by the board and by all his friends and colleagues at Sainsbury’s.

“We send our condolences to Lord Sainsbury’s wife, Lady Sainsbury, and the rest of the Sainsbury family.”

Scicluna added that Lord Sainsbury was a trader “at heart and one of the great retailers of his time”.

“He was ambitious for the business and led Sainsbury’s through a period of unprecedented growth; he was a truly inspiring man.

“Although he will be missed by many, his enormous contribution to Sainsbury’s and the values ​​he held so dear and believed in will live on at the heart of our business.”

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