British retailer group owned by an employee trust
The John Lewis Partnership has announced that managing director Peter Ruis will exit in September to pursue new projects, with Will Kernan set to take over mid-September. The move follows a period of investment and transformation, as the retailer faces tougher consumer conditions amid global inflation pressures.
The Scotsman reports Fort Kinnaird plans a 42,500 sq ft expansion, creating over 60 local jobs, including a new 19,750 sq ft food store and 22,785 sq ft leisure space, with consent expected in November and construction due 2027. The Guardian covers John Lewis’s £20m Glasgow store revamp as part of a £50m programme across several cities, aiming to modernise the Buchanan Galleries and boost footfall while keeping shops open. France 24 details Shein’s exit from BHV Marais as SGM sells the landmark store to executives, marking strategic shifts in Parisian retail amid regulatory fines over the brand.