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