Deals
John Lewis Talks to Bankers Robey Warshaw and Rothschild on Stake Sale Proposal
- British retailer considering options after £234 million loss
- Waitrose owner has long-term relationship with advisory firms
A John Lewis Partnership department store on Oxford Street in London.
Photographer: Chris J. Ratcliffe/BloombergThis article is for subscribers only.
John Lewis Partnership Plc is being advised by Robey Warshaw and Rothschild as the British retailer considers a controversial stake sale to raise cash, according to people familiar with the matter.
Both Robey Warshaw, a boutique bank that employs former UK Chancellor of the Exchequer George Osborne, and Rothschild have existing relationships with John Lewis, the people said, asking not to be named as the details aren’t public. Both banks are providing advice on a potential minority stake in the chain, the people added.