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John Lewis Boss Tries to Reassure the Public Over Stake Sale Talk

  • Retailer is considering selling a minority stake to raise cash
  • Sharon White says staff will be told first of investor plans
Sharon White
Sharon WhitePhotographer: Jason Alden/Bloomberg

John Lewis Partnership Plc Chairman Sharon White has moved to reassure customers and staff after it was reported the employee-owned retailer was considering selling a minority stake.

More than three days after the Sunday Times reported that the mutual, which also owns grocery chain Waitrose, may look to raise at least £1 billion ($1.2 billion), White said the company had “always been open to new partnerships with investors or like-minded companies” to support its growth.