LEWIS SPEDAN John
Person
LEWIS SPEDAN John

LEWIS
SPEDAN
John

Founder of the John Lewis Partnership

Organization: John Lewis & Partners

Date of Birth: 22 September 1885

Date death: 21 February 1963

Age at the time of death: 77 years old

Zodiac sign: Virgo

Profession: Founder

Content

Biography

John Spedan Lewis was an English businessman and the founder of the John Lewis Partnership.

Elder son of John Lewis, who owned the John Lewis department store, London, Spedan joined the business at 19 and in 1914 assumed control of Peter Jones in Sloane Square, London. On his father's death he formed the John Lewis Partnership and began distributing profits among its employees in 1929. He transferred control of the company to the employees in 1950 and resigned as chairman in 1955.

Career

Spedan Lewis joined his father's John Lewis department store on Oxford Street, London, aged 19. On his 21st birthday he was given a quarter share in the business, and in 1914 assumed control of his father's second shop, Peter Jones in Sloane Square, London.

It was around this time that he first realised that the salaries of himself, his brother and his father were the same amount of money as the combined salaries of everyone employed by the John Lewis stores. In 1909, a serious horse-riding accident meant that he could not work for nearly two years. It was during this time that he seems to have first evolved the desire to share profits with his employees, and which grew over time in scope and detail to become the underpinnings of the John Lewis Trust and John Lewis Partnership.

Assuming control of the Oxford Street store with his father's death in 1928, Lewis officially formed the John Lewis Partnership, and began the distribution of profits among its employees (known as "partners") in 1929. The essence of the partnership was that workers could “get the whole profit and the sharing is entirely among themselves.” Partnership benefit, as it was called, was distributed in the form of shares, which could be realised for cash. He completed the move towards employee-ownership in 1950, with the transfer of control to the employees.

Spedan Lewis resigned as chairman in 1955, and was known within the company from that point on as "The Founder". He announced in 1960 that in his will he was leaving roughly £100,000 (equivalent to £2,450,000 in 2021) to his successor, Mr Miller, to help the company.

Rating GlobalENG.biz

Takes place
general
№1314
general
Takes place
area
№98
In rating
Business
area
Takes place
№7
In rating
Founder
profession

Mentioned together

Chief Executive Officer, London Stock Exchange Group
1 place
High Level Climate Action Champion
2 place

Colleagues

Chief Executive Officer, London Stock Exchange Group
1 place
Group Head, Data & Analytics
2 place

Born in one day

Date of Birth: 22.09.1885. Age: 77. Zodiac sign: Virgo.
.
Horoscope Virgo: horoscope for today, horoscope for tomorrow, horoscope for week, horoscope for month, horoscope for year.
Days left until next birthday: 92 Days.
British politician
1 place
English professional darts player
2 place
Businessman
3 place
Downing Street Director of Communications
4 place
Shadow Secretary of State for Health and Social Care
5 place
English football coach
6 place

Profile statistic

mentions
views
Companies rating
Conservative Party (UK)
43 Persons
Parliament of the United Kingdom
42 Persons
Barclays
17 Persons
British Broadcasting Corporation (BBC)
14 Persons
Labour Party
12 Persons
Her Majesty's Treasury (HM Treasury)
7 Persons
The National Basketball Association (NBA)
7 Persons
International Airlines Group (IAG)
6 Persons
Major League Baseball (MLB)
6 Persons
High Court of Justice
5 Persons
GlobalEng.biz pays special attention to the activities of famous people: politicians, officials, businessmen, bankers, cultural and sports figures. Their opinion largely determines the development of the political, social and economic life of England and the United Kingdom. The section is constantly edited by our journalists for the relevance of the information. Here you can find information about the CEOs and presidents of top companies in England, officials and public figures who play a key role in the development of the region.
The goal of the project is to create a comfortable information space for all market participants, as well as to introduce the readership to business people in England.
We have created an impressive database of people in England, which contains information about the career path, education and other important information about a person.
Thanks to the automatic calculation of the number of mentions of a person in the news sections "English news" and "English press releases", a rating of the popularity and influence of persons is formed on the portal. The team GlobalEng.biz monitors changes in the rating and encourages project participants for their success. In general, the rating of participants is based on an in-depth analysis of the activity of PR services of famous people, and also reflects the qualitative state of the information field formed by the media and press services around the organization.
"Business people of England" is a project about people who, with their ideas, words and actions, have a great influence on the development and prosperity of England.
Alena Potapova

Development Director
Population
8132864158
Died this year
28108976
Born this year
69153056