LUSH Cosmetics Ltd (‘LUSH’) have announced today that they are introducing employee ownership to their business. The company is in the process of setting up an Employee Benefits Trust (EBT) that will initially hold a 10% shareholding on behalf of all employees. LUSH has a reputation for its principled stance on matters such as animal rights, it is recognised for the support and investment it provides to employees and it has a fierce determination to maintain its business independence. The introduction of employee ownership will certainly help reinforce its distinctive culture and long term independence.
Capital for Colleagues has been working with directors and employees of LUSH for the past few months on the employee ownership project and is looking forward to helping build the practices that will embed employee ownership in the business.
John Eckersley, CEO of Capital for Colleagues, said: “We are delighted to be working with LUSH on this important project. The importance of such a prestigious household brand name joining the employee ownership sector cannot be over-stated. They will undoubtedly become a beacon for employee ownership in the UK and all the countries around the world in which they operate. We wish them every success over the coming months and years.”