UKs biggest independent toy shop chain given to employees
News Source : Sky.com
News Summary
- The Entertainer chain is putting the future of the business in the control of its 1,900 employees.
- The company operates more than 160 shops as well as concessions in Tesco, Matalan and M&S.
- Employees will be rewarded through tax-free bonuses based on the profits generated in the future.
- It's being done to ensure the business, which also owns the Early Learning Centre and Addo Play, remains independent.
- Other businesses operating such a model include the John Lewis Partnership, home entertainment retailer Richer Sounds, and outdoor adventure company Go Ape.
The UKs biggest independent toy retailer is being taken from private ownership and will be owned by its employees, who will share in the companys profits. The founder of The Entertainer chain, Ga [+1808 chars]
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