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John Lewis & Partners is a chain of high-end department stores operating throughout Great Britain. Concessions are also located in the Republic of Ireland and Australia. The chain is an employee-owned mutual organization known as the John Lewis Partnership. It was created by Spedan Lewis, son of the founder, John Lewis, in 1929. It is currently the largest co-operative in the UK. The chain has promised since 1925 that it is “never knowingly undersold” – it will always at least match a lower price offered by a national high street competitor.