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TIME Magazine: The John Lewis economy: why is Downing Street looking to Britain’s most beloved department store?

In Britain, big department stores tend to be as concerned about pedigree as the country’s consumers… Unlike with publicly-traded firms, employee-owned companies are also less regulated, which can make raising outside capital harder since banks and bond buyers have less data to assess risk. “That can lead to a lack of scrutiny that can be disastrous,” says Bang Dang Nguyen, a finance lecturer at Cambridge Judge Business School…

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