John Lewis profits triple to £126m but hopes for staff bonus dashed again
by Sarah Butler from World news | The Guardian on (#6VWVW)
Cash reward at staff-owned group ruled out for third year in a row, with focus on 600m plans to transform business
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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