John Lewis Partnership eyes stake sale, ending 100% staff ownership - Retail

Ongoing losses in both Department stores and Supermarket divisions. (If I recall correctly, John Lewis has raised bonds in the past to cover investment).

Full disclosure: Ex-“partner”, for a few years some years ago. The partnership model does not conifer long term financial rights (unlike, e.g. Publix in the US which is an employee shareholder model)

Floating on the market may not end up being a great move from them long-term.