Cash reward at staff-owned group ruled out for third year in a row, with focus on £600m plans to transform business
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The owner of John Lewis and Waitrose has tripled its annual profits but workers at the staff-owned retail group have missed out on a bonus for a third year in a row.
The John Lewis Partnership said group sales rose 3% to £12.8bn in the 12 months to 25 January 2025, as underlying profit rose from £42m to £126m. However, the company said it was prioritising investment over the bonus with plans to spend £600m on transforming the business, including investment in stores and its distribution network.
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Source link : https://www.theguardian.com/business/2025/mar/13/john-lewis-profits-triple-to-126m-but-hopes-for-staff-bonus-dashed-again
Author : Sarah Butler
Publish date : 2025-03-13 13:06:00
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