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neil 🍄

Hi-fi & TV store Richer Sounds moves to employee ownership.

Looks like it's an employee stock ownership plan rather than a co-op model so the headline about 'handing over control' seems a bit wrong? Not an expert, any coop gurus know the details?

theguardian.com/business/2019/

www.theguardian.comRicher Sounds founder hands over control of hi-fi and TV firm to staffChain joins John Lewis in employee ownership as staff get £1,000 for each year they have worked
#EmployeeOwnership
May 16, 2019, 09:08 AM·Public
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Matt Cropp 🌲🌲

@neil Neither; is a creature of US retirement law, whereas an () is a common form of EO in the UK, and has just started to see occasional use in the US in the last few years: medium.com/fifty-by-fifty/the-

medium.comThe British are Coming — ESOPs and Perpetual TrustsBy Christopher Michael
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