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Britain's John Lewis Partnership returns to annual profit

March 14, 2024 at 03:06 am EDT

LONDON, March 14 (Reuters) - British retailer the John Lewis Partnership reported a return to annual profit that partly reflected cost savings, and forecast further improvement in the current year.

The employee-owned group, which runs John Lewis department stores and the Waitrose supermarket chain, said on Thursday it made a profit before tax and exceptional items of 42 million pounds ($54 million) in the year to Jan. 27, versus a loss of 78 million pounds in 2022/23. ($1 = 0.7817 pounds) (Reporting by James Davey; Editing by Kate Holton)

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John Lewis

John Patrick Lewis is currently an Independent Non-Executive Director at Sanderson Design Group Plc, President & Director at Employee Ownership Association, Director at Girls' Education Co. Ltd., Director at Margrange Investments Ltd., Director at Wycombe Abbey School, and Chief Financial Officer & Director at Made.com Group Plc.
Previously, he served as Non-Executive Chairman at 3bm Trustee Ltd., Director at John Lewis Plc, Chief Financial Officer & Executive Director at John Lewis Partnership Plc, Non-Executive Director at Ocado Innovation Ltd.
and Ocado Group Plc, Director at John Lewis Properties Plc and John Lewis Car Finance Ltd., Finance Manager at Procter & Gamble Co., and Principal at Bain & Co., Inc. He holds an MBA degree from INSEAD.

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Linked companies
Employee Ownership Association Employee Ownership Association Miscellaneous Commercial ServicesCommercial Services The Employee Ownership Association (EOA) provides advice, introductions to peers, and a range of services to help bring employee ownership to businesses. The non-profit company is based in Brough, UK, and has subsidiaries in the United Kingdom. The EOA represents organizations that are employee-owned or transitioning to employee ownership. The EOA offers a program in partnership with Telos and J Gadd Associates to equip leaders and managers with the right tools and mindset to drive success in an employee-owned business. The economic contribution of employee ownership is significant and growing. The British company was founded in 1979 by Robert Oakeshott.	President
MADM GROU	Director of Finance/CFO

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