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The Guardian - UK
The Guardian - UK
Business
Sarah Butler

John Lewis looks at sale and leaseback of 12 Waitrose supermarkets

John Lewis Waitrose Sharon White
woman carrying a Waitrose bag outside a John Lewis store.
Marketing of 12 Waitrose stores will begin next week, according to Bloomberg. Photograph: Paul Grover/PA

John Lewis is looking into raising £150m from the sale and leaseback of a dozen Waitrose supermarkets to fund investment in updating the business.

The staff-owned retailer, which this month announced a half-year loss of £59m, wants cash to update stores, improve prices and invest in online operations, including expanding online grocery deliveries.

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