John Lewis to Seek £150 Million From Sale of 12 Waitrose Stores

John Lewis Partnership Plc is planning to raise as much as £150 million ($183 million) from the sale and leaseback of a dozen Waitrose supermarkets as the struggling retailer seeks more capital, according to people familiar with the matter.

The marketing of the stores will begin next week and mostly includes supermarkets in the south of England with 20-year inflation-linked leases, said the people, asking not to be identified as the information isn’t yet public.