John Lewis Partnership is the largest, and arguably the best-known, employee-owned company in the UK, employing some 83,000 people. Employee ownership began when John Spedan Lewis (a visionary son of the company’s founder) set up the original trust in the 1920’s which allowed the profits of the company to be shared with the employees.
They are 100% employee owned, with employees working in John Lewis department stores, Waitrose supermarkets, an online and catalogue business johnlewis.com, a production unit and a farm.
John Lewis Partnership shares are held in Trust for the employees who are known as Partners. They share the profit and have oversight of management performance and decisions through a sophisticated system for accountability and checks and balances.
If you would like to explore how employee ownership might be introduced in your company, please contact us for an initial discussion.
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