Eastwood, John Sir - from United Kingdom

ID: 25932
Organization: C1001
Country of meeting: in the year 1978

Developed the largest integrated chicken- and egg- producing company in the world, transformed chicken from the dearest of common meats to the cheapest and initiated a decline in the price of eggs which, in real terms, still continues. The chicken business was run by the company set up in 1945, J.B. Eastwood Ltd, which went public in 1959, with Eastwood advising all his many friends to buy shares rather than invest in their own farms. Egg units were added to the existing broiler units from 1963 and Eastwood came close to supplying 10 per cent of the national market for both chickens and eggs. He sold the poultry business for some pounds 40m to Imperial Tobacco in 1978 and also sold his private Thorganby Estate, south of York, for pounds 4m at about the same time.

Activities in the Orangization:
Member, †1995