John Lewis Partnership has entered the retail investment market for the first time as it seeks to generate more profits from outside traditional retail.
The retailer, owner of John Lewis department stores and grocer Waitrose, has unveiled three offers for customers – two ISAs and a general investment product – focused on companies that “score highly in the areas of carbon emissions, climate change, renewable energy, social impact and ethical practices”.
The products are designed to appeal to inexperienced investors and have been devised on the back of research that showed the pandemic prompted consumers to think more about their spending and savings, but often do not know where to start.
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