{"id":223573,"date":"2023-06-08T15:40:48","date_gmt":"2023-06-08T14:40:48","guid":{"rendered":"https:\/\/theindustry.beauty\/?p=223573"},"modified":"2023-06-08T18:36:50","modified_gmt":"2023-06-08T17:36:50","slug":"john-lewis-chair-dame-sharon-white-pledges-to-return-partnership-to-sustainable-profit","status":"publish","type":"post","link":"https:\/\/theindustry.beauty\/john-lewis-chair-dame-sharon-white-pledges-to-return-partnership-to-sustainable-profit\/","title":{"rendered":"John Lewis Chair Dame Sharon White pledges to return partnership to \"sustainable\u201d profit"},"content":{"rendered":"<p><strong>John Lewis Partnership Chair Dame Sharon White has promised to return the company to a \u201csustainable\u201d profit, adding that staff bonuses would only return \u201cwhen affordable\u201d.<\/strong><\/p>\n<p><!--more--><\/p>\n<p>In a speech to the Employee Ownership Association yesterday, White emphasised the group's five year plan, which began in 2021, will get the John Lewis Partnership back to sustainable profit.<\/p>\n<p>She said it would create \u201ca broadly based business with brilliant retail at the core, built on excellent customer service, quality and ethics\u201d.<\/p>\n<p>Last month, a <a href=\"https:\/\/www.theindustry.fashion\/john-lewis-will-always-be-employee-owned-says-chair-sharon-white-as-staff-back-her\/\" target=\"_blank\" rel=\"noopener\"><span style=\"color: #ff0000;\"><span style=\"color: #008080;\">two-part vote took place over the leadership and performance of the John Lewis Partnership<\/span><\/span><\/a>.<\/p>\n<p>The council voted to support White in continuing her leadership of the group, but was critical of its latest financial performance in a second vote.<\/p>\n<p>This came after criticism following reports the group, which runs the department store chain and its supermarket arm Waitrose, could bring in outside investment and impact its employee-owned structure.<\/p>\n<p>The group also slumped to a hefty loss in the latest financial year, mean<span style=\"color: #333333;\">ing <span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/www.theindustry.fashion\/john-lewis-slides-to-78m-loss-causing-staff-to-miss-out-on-bonus\/\" target=\"_blank\" rel=\"noopener\">s<span style=\"color: #008080;\">taff missed out on an annual bonus for only the second time in 70 years<\/span><\/a><\/span>.<\/span><\/p>\n<p>Yesterday, White explained the growth plan could require external investment but said its employee model would remain.<\/p>\n<p>\u201cEmployee-ownership is a given. What makes us special is not incidental to being a partnership. It\u2019s because we\u2019re a partnership.\" she said.<\/p>\n<p>White also added a bonus would be paid \"when affordable\".<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u2026 <a href=\"https:\/\/theindustry.beauty\/john-lewis-chair-dame-sharon-white-pledges-to-return-partnership-to-sustainable-profit\/\">...<\/a><\/p>\n","protected":false},"author":100,"featured_media":222496,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"no","_lmt_disable":"","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[10585,6,20822],"tags":[17073,17339],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>John Lewis Chair Dame Sharon White pledges to return partnership to &quot;sustainable\u201d profit - TheIndustry.beauty<\/title>\n<meta name=\"description\" content=\"John Lewis Partnership Chair Dame Sharon White has promised to return the company to a \u201csustainable\u201d profit.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/theindustry.beauty\/john-lewis-chair-dame-sharon-white-pledges-to-return-partnership-to-sustainable-profit\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"John Lewis Chair Dame Sharon White pledges to return partnership to &quot;sustainable\u201d profit - 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