Co-operative Bank PLC 5c. Co-operative Insurance Society Limited 6. John Lewis Partnership PLC 7. John Lewis Partnership plc', commonly referred to as 'John Lewis'. This is collective ownership and employees are referred to as partners.
Management needs to run the enterprise in the interests of all partners 'past, present and future'.
A good employer. Employees receive each year a share of the profits which is paid out as a cash bonus. Large and competitive, aiming to provide good service and value for money. In practice applying its slogan 'Never knowingly undersold' to the point where partners receive a small reward when they point out that a competitor charges less than John Lewis.