John Lewis Partnership: Transformation is delayed, but has any recovery progress been made?
Interims from the John Lewis Partnership were a mixed bag, following a period when the retailer generated headlines for sometimes controversial reasons, such as potentially bringing in external investors.
On the plus side, the group – which owns grocer Waitrose and the John Lewis department stores business – cut losses before tax by 41%. On the flip side, however, completion of the transformation plan initiated by chair Dame Sharon White will take two years longer than originally anticipated.
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