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The Latest Breaking News from the John Lewis Partnership

John Lewis boss ‘determined’ to bring back bonus after payout scrapped again

The retailer said it would not pay a staff bonus despite revealing that underlying profits tripled to £126 million from £42 million the previous year.

Evening Standard

European shares reverse gains as trade war fears escalate – as it happened

Donald Trump threatens 200% tariff on EU wine, champagne and other alcohol

The Guardian - UK

John Lewis profits triple to £126m but hopes for staff bonus dashed again

Cash reward at staff-owned group ruled out for third year in a row, with focus on £600m plans to transform business

The Guardian - UK

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John Lewis Partnership to hire 12,500 workers for festive period

JLP said the firm will hire 4,100 more temporary workers than in the same period last year.

The Independent UK

John Lewis Partnership axes chief executive role under new chair

Nish Kankiwala to become non-executive adviser as Jason Tarry accelerates turnaround plan

The Guardian - UK

Teenager arrested over Transport for London cyber attack; ECB cuts interest rates – as it happened

A 17-year-old male was detained last week on suspicion of Computer Misuse Act offences in relation to the attack launched on TfL on 1 September.

The Guardian - UK

John Lewis 'culture clash' comes to a head over sex toys and trans magazine

The 160-year-old department store chain is taking flak again

Evening Standard

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John Lewis considering cutting 11,000 jobs after slashing redundancy terms

Exclusive: Latest turnaround plan could see thousands made redundant over five years after group halves its redundancy pay

The Guardian - UK

John Lewis brings back former fashion boss Peter Ruis to lead chain

Appointment of Naomi Simcock’s replacement as head of department store comes amid falling sales

The Guardian - UK

Police pledge shoplifting crackdown with facial recognition to make ‘hostile environment’ for thieves

Policing minister declares zero-tolerance approach as shoplifting offences surge by 25 per cent in a year

The Independent UK

Where it went wrong for Sharon White at John Lewis

Is saving John Lewis the toughest job in retail?

Evening Standard

Sharon White to quit John Lewis after just five years

Former civil servant likely to be replaced by “seasoned retailer”

Evening Standard

John Lewis needs to pick up the pace on restructuring

Every time the partnership lifts the lid on its challenges, there’s an echo of pre-overhaul M&S circa 2017

The Guardian - UK

John Lewis Partnership says turnaround to take extra two years after £59m loss

The John Lewis Partnership added that investment in its strategy and customers was going to ‘take precedence’ over its annual bonus for staff.

The Independent UK

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The Guardian - UK

Arm shares soar 25% over IPO price in US stock market float; FTSE 100 posts best day of 2023 – as it happened

Shares in UK chip designer are making a successful debut on the US stock market today, while UK blue-chip stocks post their best day since last November

The Guardian - UK

John Lewis turnaround timeframe extended amid fresh losses

Partnership says smaller first-half loss is optimistic sign but recovery plan likely to take two years longer than scheduled

Manchester Evening News

The reason why high street chain John Lewis is building hundreds of new homes

The chain, which also owns Waitrose, is looking to create 1,000 homes in London and the south east to address the housing crisis

Evening Standard

John Lewis submits plans for London rental homes in west and south east London

It marks the next stage in the John Lewis Partnership’s plans to build around 1,000 ‘build-to-rent’ homes in West Ealing, Bromley, and Reading

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The Guardian - UK

John Lewis defends plans to build 10,000 rental homes on its land

Group has submitted planning application for projects in west and south-east London in face of criticism

Birmingham Post

Pret A Manger digital head joins Legoland and Alton Towers owner Merlin Entertainments

Sarah Venning has previously held senior roles at the John Lewis Partnership and Heathrow Airport

The Guardian - UK

John Lewis boss faces confidence vote as business considers ways to seek new funds

Sharon White wants to bring in investors to build flats above stores, potentially leading to the sale of stake in the business

Insider UK

CBI suspends policy and membership activities after exodus

A second unnamed employee alleged that she had been raped by a colleague in an article on Friday

Evening Standard

CBI future in doubt as firms end relationships amid rape allegations

NatWest Group, the John Lewis Partnership, Unilever, BMW and Virgin Media O2 are among the latest UK businesses to cancel their involvement with the CBI

The Week

Is it all change at John Lewis?

It was reported last month that the John Lewis Partnership (JLP) is looking into selling a minority stake of up to £2bn in the firm, which has been entirely owned by its staff, known as “partners”, since 1950.

Evening Standard

John Lewis ‘may end 100% staff ownership’ after 70 years

Chairwoman Dame Sharon White is reportedly in the early stages of exploring a plan to change the the retailer’s mutual structure

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