The chain's famous staff-ownership structure could be watered down to raise new funds.
John Lewis is considering a potential change to its employee-owned business structure, upending more than 70 years of tradition.
The BBC has been told the idea is at the "very, very early stages" of discussion and may not eventually happen. However, if it did it would not amount to removing the mutual ownership structure altogether and that staff would retain majority control. However in the past three years the firm has had to steer through the choppy waters of the pandemic and a cost of living crisis. It made a loss of £234m in 2022-3 and paid no bonus to staff, for only the second time since 1953. It has also closed stores and cut staff numbers.John Lewis has worked with outside companies in the past: Ocado launched grocery deliveries for Waitrose and more recently it set up a joint venture to build residential properties with investment firm Abrdn.
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