Closing post
Time to wrap up.
Here are today’s main stories:
John Lewis is bringing back its former fashion boss Peter Ruis to lead the department store chain – after more than a decade running retailers including Jigsaw and Anthropologie – in its latest effort to turn around the business.
The appointment of an experienced retailer, with 30 years in the industry including stints at Marks & Spencer, Ted Baker and Levi’s before joining John Lewis, and most recently as chief executive of Canada’s Indigo books and homewares chain, comes amid falling sales and profits at the department store.
Ruis, who worked at John Lewis between 2005 and 2013, will start next week, replacing Naomi Simcock, who has been interim boss since the abrupt exit of Pippa Wicks almost a year ago. Simcock will take up a new role as operations director for the chain.
