‘A stake sale would risk turning John Lewis into AN Other retailer’
Annual losses of £234m, no staff bonus, the spectre of more job losses looming – no wonder the John Lewis Partnership is considering whether its traditional way of doing things needs to change.
The Partnership, owner of John Lewis department stores and grocer Waitrose, is considering whether it should seek to sell a minority stake to an external investor to fund investment. That would be a huge break with its trailblazing heritage as a co-owned business.
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