JP45 wrote: »
.... Then again, things would have to get pretty dire for a retailer like John Lewis to go out of business over the next 5 years. If the economy nose-dived to the extent that even John Lewis went under then you have to ask yourself what state the banks would be in and whether, in such circumstances, the FSCS guarantee would be honoured and by whom.
property.advert wrote: »
One has to ask why John Lewis needs this financing when, as a partnership, it has no institutional shareholders chewing at its heels for a hefty dividend.
As I thought 50% or so of profits were retained, the remainder being paid as bonuses to staff, just where is this cash pile and why could it not be used ?
opinions4u wrote: »
I can't see why anybody would want to fall over themselves to get in to this.
Sceptic001 wrote: »
Limiting eligibility to
is a canny move to boost applications for its partnership (ie. credit) card in the hope of future issues.
Silversaver wrote: »
You had to be a cardholder on 11th Feb to qualify. Employees/ partners can use the vouchers towards employee discounted goods (varying % depending on what's being bought) so that more or less balances the loss due to tax being taken off.
A lot of employees will regard this as a good buy and also helping their employer expand, which will in turn make their own positions more secure.
If you're not an employee or cardholder it's all a waste of time discussing how risky or otherwise this investment might be.
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