Article Abstract:
The John Lewis Partnership is owned by its employees through a trust, and there has been talk of a demutualization, with windfalls being granted to members. The sale of the company could affect employee benefits, and there could also be job losses, according to analysts. They also note that the retail industry has faced problems in the United Kingdom, and this affects the value of companies in the sector, such as John Lewis. Staff motivation could also be affected by a sale.
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Article Abstract:
The Debenhams department store business is to be spun off by Burton Group into a separately quoted operation. This will allow Burton Group to place more emphasis on its multiples businesses, which will be brought together in a new company. The move will also boost shareholder value and reduce costs. Burton Group Chief Executive John Hoerner denies that the conglomerate is simply following the current trend for demergers among large companies.
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Retail concern C&A has made a commitment to being more open about its operations, following a long history of secrecy. It will reorganize its operations in the UK, closing six stores and reducing its collection of more than 20 clothing labels. These moves are part of a series of changes gradually being introduced by the company. The changes have already included centralizing purchasing operations in Brussels, Belgium, to reduce costs.
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