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The chain’s mutual model was once hailed as a template, but now it needs cash amid hefty losses
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Scooped by Graham Watson |
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A detailed analysis in the Guardian of the current state of play regarding John Lewis, with the prevailing view seemingly that the company, like many, faces challenging times but different views about how to tackle this.
For many analysts, it seems that the group have rather lost sight of its core business and the move to end staff ownership might damage both staff morale, the brand and remove its USP. However, it's clear that it's in a bind - however, the notion that the company wants to "expand into financial services and build to rent above Waitrose stores", strikes me as singularly unimaginative and redolent of a business in decline.
Watch this space - and see how this story is going to unfold in the months ahead.