Former John Lewis boss says changing ownership model would be a tragedy
A former John Lewis boss has said it would be a "tragedy" if the retailer changed its ownership model, which has been in staff hands for 70 years.
Ms Portas said John Lewis was one of the most "valued, loved, and trusted retail brands" in the country but that it had "let go" of its soul.Speaking on Sunday about the possible change, Mr Street said: "It would be a tragedy if that occurred because I think John Lewis goes a bit beyond a shop. He acknowledged the company's financial difficulties, after staff were told they would not receive their annual bonus this year due to the losses. John Lewis said it had been a "very tough year".
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