Debenhams to reopen stores in Northern Ireland and England
The firm fell into administration in April but agreed with landlords to keep some sites open
Company
PRIVATE:JLP
The John Lewis Partnership's 84,000 Partners own the leading UK retail businesses - John Lewis and Waitrose. Our founder's vision of a successful business powered by its people and its principles defines our unique company today. The profits and benefits created by our success are shared by all our Partners.
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The firm fell into administration in April but agreed with landlords to keep some sites open
John Lewis posted a 17% drop in sales since the middle of March
The company has shifted to a new financial reporting structure, after integrating John Lewis and Waitrose to operate as one business
The partnership's board will decide next month whether it is prudent to pay a bonus to its staff, which are known as "partners"
The retail group says integrating its two brands John Lewis and Waitrose will save £100mln and help to break out of the "cycle of declining returns"
“Should the UK leave the EU without a deal, we expect the effect to be significant and it will not be possible to mitigate that impact,” chairman Sir Charlie Mayfield said