© Reuters. FILE Photo: Buyers wander earlier the John Lewis division store on Oxford Street in London, Britain December 17, 2018. REUTERS/Simon Dawson
(Reuters) -British retailer John Lewis, which has been 100% owned by its staff, is thinking of diluting its partnership framework, The Sunday Occasions documented on Saturday.
The report stated that the company would look at marketing only a minority stake and its precedence would be to keep majority personnel ownership.
Chairperson Sharon White is in the early stages of discovering a approach to adjust the retailer’s mutual framework so it can attempt to elevate among 1 billion and 2 billion pounds ($1.22 billion-$2.44 billion) of new expense, the report stated.
Any outside trader would have to share the partnership’s employee-centric values, the report included.
The business, which runs John Lewis section merchants and grocer Waitrose, said on Friday it would have to lower workers figures and scrap bonuses this year, flagging an uncertain outlook as prospects struggle with inflation.
John Lewis did not reply to a ask for from Reuters for comment.
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