John Lewis Exits Housebuilding Business to Focus on Retail
John Lewis is discontinuing its housebuilding venture, which began in 2020, to re-prioritize its core retail operations.
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John Lewis pulls out of housebuilding business
The retailer began expanding into housebuilding in 2020 but it is scrapping those plans to focus on retail instead.
Read full article →John Lewis scraps £500m deal to build 1,000 rental homes
Retailer said ‘fundamental shift in economic conditions’ made it difficult for financial partner Aberdeen to raise funds The John Lewis Partnership is pulling out of a £500m deal to build almost 1,000 residential rental homes for rent in Bromley, Reading and West Ealing amid a “cautious property market”. The retailer, which owns Waitrose supermarkets and John Lewis department stores, blamed a “fundamental shift in the economic conditions”, which it said had made it difficult for its financia...
By Sarah Butler
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