John Lewis reported to be ‘exploring’ plan to sell shares to raise investment
1 year, 9 months ago

John Lewis reported to be ‘exploring’ plan to sell shares to raise investment

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The John Lewis Partnership is reported to be exploring a plan to change its staff-owned model as a way of attracting investment. The sale of a minority stake could require a change to the John Lewis constitution, which would have to be voted on by its partnership council, a group of about 60 staff, the newspaper reported. A John Lewis Partnership spokesperson said: “We’ve always said we would seek partnerships to help fund our transformation and exciting growth plans. The John Lewis Partnership is the UK’s largest employee-owned business with its retail brands – John Lewis and Waitrose – owned in trust by its 80,000 partners.

History of this topic

John Lewis to axe 153 jobs in store staff shake-up
4 months, 3 weeks ago
Middle class shoppers flock back to Waitrose as supermarket slashes prices
5 months, 2 weeks ago
John Lewis signals more job cuts as staff bonus ditched despite return to profit
9 months, 3 weeks ago
John Lewis returns to annual profit but staff still miss out on bonus
9 months, 3 weeks ago
John Lewis Partnership turnaround delayed by two years as losses narrow
1 year, 3 months ago
John Lewis looks to alter structure of business from 100 per cent staff ownership
1 year, 9 months ago
Why does John Lewis want to scrap its partnership?
1 year, 9 months ago
Marks & Spencer will overtake John Lewis by 2026, according to sales forecast
1 year, 11 months ago
John Lewis announces 1,000 job cuts
3 years, 5 months ago
John Lewis to close eight more stores with 1,465 jobs at risk
3 years, 9 months ago
John Lewis warns of more store closures when lockdown ends after posting £517m loss
3 years, 9 months ago
John Lewis and Lloyds cut 2,570 jobs in business shake-ups
4 years, 2 months ago
John Lewis staff won’t receive bonus for first time since 1953
4 years, 3 months ago
Has the time come to start worrying about John Lewis?
4 years, 10 months ago
Why we should worry for the future of John Lewis
5 years, 3 months ago
Ofcom boss Sharon White is surprise winner of John Lewis Partnership race
5 years, 7 months ago

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