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John Lewis & Partners, commonly known as John Lewis, is a British chain of high-end department stores operating across the United Kingdom, with concessions in Ireland. It is part of the John Lewis Partnership plc , a holding company held in a trust on behalf of its employees as the beneficiaries of the trust. [ 3 ]
This period also spanned Peter Jones' 100th anniversary of its membership at the John Lewis Partnership, where it is widely recognised to be the birthplace of the democratic employee ownership structure still found in the retailer today. Tony Wheeler was appointed managing director in 2011. [4]
At the time of John Lewis' takeover, the store was the largest shop in Berkshire. With the business continuing to grow, however, the shop eventually became seen as too small and in need of expansion. Ambitious redevelopment plans were announced in 1975 and a large-scale model of the re-envisaged Heelas was put on display in the shop. [ 2 ]
Changes at the Norwich store failed to arrest the decline in the company's fortunes, however, with operating losses since 1978 culminating in the sale of the company in 1982. The John Lewis Partnership bought the business for a fee said to be £1 million. [2] The store continued to trade as Bonds until 2001 when the John Lewis name was adopted.
The John Lewis Partnership plc [1] (JLP) is a British company that operates John Lewis & Partners department stores, Waitrose supermarkets, financial services and a build to rent operation. The public limited company [ 1 ] [ 2 ] is owned by a trust [ 2 ] on behalf of all its employees, known as Partners, who share the responsibilities and ...