John Lewis may end 100% staff ownership to raise investment as job losses loom

The retail giant John Lewis may dilute its 100% employee ownership to raise fresh investment.

The change to the partnership model would signal a major departure for the company, which runs the department store chain and Waitrose supermarkets.

The firm warned of job cuts and told staff it will not hand out a bonus for only the second time since 1953 this week after posting an annual loss of £234m as costs soared and sales dipped.

Read more here: https://news.sky.com/story/john-lewis-may-end-100-staff-ownership-to-raise-investment-for-transformation-as-job-losses-loom-12837943

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