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The Latest Breaking News from the John Lewis Partnership

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

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

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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

The Guardian - UK

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

Manchester Evening News

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

Evening Standard

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

The Guardian - UK

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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

Birmingham Post

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

The Guardian - 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

Insider UK

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

Evening Standard

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.

The Week

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

Evening Standard

John Lewis warns over job cuts as staff miss out on bonus

Chairwoman says move is 'massive regret to me personally'

Insider UK

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Wales Online

John Lewis staff won't get a bonus this year for only the second time ever

In the past, staff have received huge bonuses. In 2015 workers at the group received a payment of 11% of their annual salary.

Evening Standard

No staff bonus at John Lewis as partnership plunges to hefty losses

Inflation hits John Lewis “like a hurricane”

Evening Standard

John Lewis and Waitrose owner names new chief executive

Nish Kankiwala will join the John Lewis Partnership as chief executive

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