Jigsaw staff awarded £400 each in John Lewis-style share plan

404
Jigsaw

Jigsaw has paid £493,000 in total dividends to staff as part of a new loyalty scheme and share plan.

According to This Is Money, around 600 employees who had been with the fashion retailer for more than a year were gifted at least one share each, and just before Christmas these shares received a dividend of £400 each.

With similarities to John Lewis’ partnership scheme, Jigsaw’s share plan was launched last year with the aim to incentivise staff.

READ MORE:  Jigsaw to open new Kings Cross store

The scheme is the brainchild of chief executive Peter Ruis – himself a former fashion chief at John Lewis.

Jigsaw paid £1.6 million of dividends in total, with its six directors cashing in on £1.1 million.

It operates 77 stores in the UK as well as 48 concessions, and last its profits grew by 11 per cent to £6.2 million, while sales went up by eight per cent in £94.7 million.

Click here to sign up to Retail Gazette‘s free daily email newsletter