John Lewis Partnership
British retail company / From Wikipedia, the free encyclopedia
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The John Lewis Partnership plc[1] (JLP) is a British company that operates John Lewis & Partners department stores, Waitrose & Partners supermarkets, its banking and financial services, and other retail-related activities. The public limited company[1][2] is owned by a trust[2] on behalf of all its employees – known as partners – and a bonus, akin to a share of the profit, is paid to employees. John Lewis has around 80,800 partners/employees as of 2020. JLP Group was the third-largest UK non-traded company by sales in The Sunday Times Top Track 100 for 2016.[6] The chain's image is upmarket, and its customers are likely to be more affluent consumers. It was a member of the International Association of Department Stores from 2004 to 2010.[7][8]
Company type | Public limited company[1][2] |
---|---|
Industry | Retail |
Founded | Oxford Street, London (1929; 95 years ago (1929))[3] |
Founder | John Spedan Lewis |
Headquarters | Westminster, London |
Key people | Dame Sharon White (Chairman) |
Products |
|
Revenue | £10.84 billion (FY2022)[4] |
£118.3 million (FY2022)[4] | |
£−67.8 million (FY2022)[4] | |
Total assets | £7.785 billion (FY2022)[4] |
Total equity | £2.748 billion (FY2022)[4] |
Number of employees | 80,000 (2022)[5] |
Subsidiaries |
|
Website | johnlewispartnership |
The Partnership also supplied the Ocado web supermarket with Waitrose own-brand foods and John Lewis own-brand non-food items such as furniture. This arrangement expired in September 2020, when Marks & Spencer began a new £750 million contract with Ocado.