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Sunday, 10 January 2016

John Lewis Partnership

The 28-year-old John Lewis opened his first shop on Oxford Street, London in 1864 selling ribbons and haberdashery.

John Lewis was listed as a silk merchant in the Post Office Directory for London in 1874.

In 1905 Lewis acquired a second store, Peter Jones in Sloane Square, London.

The John Lewis Partnership started acquiring other retail businesses, buying Jessop & Son of Nottingham on April 27, 1933, and Lance & Lance of Weston-super-Mare soon afterwards. Four years later, it bought Waitrose Limited, which operated ten counter-service grocery shops in London and the home counties.

The John Lewis Partnership were the first department store group in the UK to adopt central buying, launching the 'Jonell(e)' name for own brand merchandise in 1937. That brand name has gradually been replaced with the 'John Lewis' name since 2001.

John Lewis store in Liverpool
Before the relaxation of UK Sunday trading laws in 1994, John Lewis stores closed on Mondays to allow staff a full two-day "weekend".

The John Lewis Partnership publishes a weekly in-house magazine, called The Gazette. It is the oldest in-house magazine currently still being published in the UK.

The John Lewis Partnership is an employee-owned UK company and is Britain's largest employee-owned retailer. It is owned by a trust on behalf of all its employees — known as Partners – who have a say in the running of the business and receive a share of annual profits, which is usually a significant addition to their salary.

Source Daily Mail

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