Sainsbury’s has confirmed that property tycoon Robert Tchenguiz has sold his 10% stake in the UK retailer.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


In a filing with the London Stock Exchange, Sainsbury’s said Tchenguiz Discretionary Trust “no longer holds any economic interest” in the group.


The company declined to comment further when contacted by just-food today (9 October).


Shares in Sainsbury’s tumbled yesterday, falling from an open of 299.75 pence (US$3.97) to close at 267.75, despite an upbeat trading update. The company had revealed that like-for-like sales, excluding fuel, were up 3.9% in the first half of its fiscal year.


However, worries over margins and rumours that Tchenguiz was planning to sell shares depressed the group’s stock price.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Shares rebounded 7% in morning trade, rising to 287.25 pence at 11.30 am (BST).

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now