West Midlands mayor Andy Street says it would be a tragedy, as the business ‘goes a bit beyond a shop’
It would be a tragedy if John Lewis were to change is staff-ownership model, a former boss of the retailer has said.
The familiar high street name, which is part of a partnership that includes the supermarket Waitrose, has been wholly owned by its employees since the 1920s. The business model could be under threat as bosses consider bringing in outside investment of up to £2bn for a minority stake in John Lewis.
