LONDON, Sept 17 (Reuters) - The strategic review of British retailer the John Lewis Partnership will not see either its eponymous department store chain or Waitrose supermarket business sold, its chairman said on Thursday.
“We are actively looking at partnerships where the partners respect our ethos,” Sharon White told reporters.
“We’ve also made it very clear that...a red line for us within our strategic review is we’re not going to be selling either brand.”
The partnership plans to update on the review next month. (Reporting by James Davey; editing by Sarah Young)
Reuters Breakingviews is the world's leading source of agenda-setting financial insight. As the Reuters brand for financial commentary, we dissect the big business and economic stories as they break around the world every day. A global team of about 30 correspondents in New York, London, Hong Kong and other major cities provides expert analysis in real time.
Sign up for a free trial of our full service at https://www.breakingviews.com/trial and follow us on Twitter @Breakingviews and at www.breakingviews.com. All opinions expressed are those of the authors.