John Lewis to abandon plans to build 1,000 homes and refocus on department stores and Waitrose
John Lewis Partnership has scrapped its loss making housebuilding venture, ending a diversification strategy launched in 2020 under former chair Sharon White. The employee owned retailer confirmed it will withdraw from residential property development and abandon plans to build around 1 000 homes across three sites. A spokesman said the decision followed "a fundamental shift in the economic conditions that underpinned the venture when it launched". The partnership said it will instead
John Lewis Partnership has scrapped its loss making housebuilding venture, ending a diversification strategy launched in 2020 under former chair Sharon White. The employee owned retailer confirmed it will withdraw from residential property development and abandon plans to build around 1 000 homes across three sites. A spokesman said the decision followed "a fundamental shift in the economic conditions that underpinned the venture when it launched". The partnership said it will instead
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