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Manchester-based giftware importer and distributor Joe Davies has announced that it is to become a 100 percent employee-owned business.
The shareholding of the business will be held by the Joe Davies Employee Ownership Trust (EOT) for the benefit of all employees.
The existing management team remains in place, headed up by CEO Steve Davies, it was Steve's great grandfather Joe that set up the business 105 years ago.
Davies commented; "I'm very proud to be able to say that the transition of the company to a 100 percent employee-owned business will see Joe Davies being run, and owned, by the very people that make Joe Davies what it is."
Posted: 30 January 2024
A decade on from the first John Lewis How We Shop, Live and Look report, which looks back at the products and trends that shaped the year, we are a nation that has fallen out of love with DVD players and fidget spinners and gained a burgeoning obsession with air fryers and pizza ovens.
Over the last 12 months, we've seen customers return to shops, especially on Saturdays for a family day out where footfall is up 11 percent.
During the height of lockdowns, 81 percent of our sales came via the internet, this has fallen back to 57 percent with many dwelling in stores and hospitality and catering sales up 20 percent versus last year.
Posted: 1 December 2023