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Evening Standard
Evening Standard
Business
Tammy Hughes

John Lewis ‘may end 100% staff ownership’ after 70 years

The John Lewis Partnership is exploring a plan to change its staff-owned model as a way of attracting investment, it has been reported.

The retail giant – which runs the department store chain and the Waitrose supermarket arm – last week cautioned over potential job cuts as it told staff it will not hand out a bonus for only the second time since 1953 after a hefty loss.

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