Summary
THE John Lewis Partnership attributes much of its success in bucking the high street downturn to the fact that all of its 63,000 permanent staff are partners in what ranks as the UK's largest employee-owned company.
Simon Fowler, customer services director of John Lewis, which has 27 UK department stores including three in Scotland employing 1500 people, urges more companies to recognise the bottom line benefits of greater employee ownership.See the full content of this document
Extract
Giving Workers a Share Pays Off
Amid a slew of profit warnings and receiverships by high street retailers, John Lewis reported a 10% rise in sales to GBP2.7 billion and ...
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