Jigsaw staff benefit from employee share scheme
Staff at premium fashion retailer Jigsaw shared a £493,000 pay-out as part of an employee share scheme established by CEO Peter Ruis.
Ruis, who joined the business from John Lewis in 2013, established a scheme where each employee who had been with the business for more than a year received at least one share. On Christmas Eve 2015, they were each paid a £400 dividend per share, as disclosed in its latest financial report filed at Companies House.
The business achieved profits of £6.2m (up 11%) on sales of £95m (up 8%) in the year ending 1 October 2016 and Ruis said in his commentary that it would not have been possible without the "commitment and passion of all our colleagues".
Jigsaw has been expanding its retail presence of late. It recently announced its intention to open a new store in the King's Cross development in London with another planned for the Rushden Lakes Shopping Centre in Rushden, Northamptonshire. Recent openings include Cobham in Surrey and the Duke Street Emporium, which contains Jigsaw product alongside premium and designers brands from its Shop at Bluebird line-up, in St James's London.