The firm warned of job cuts and told staff it will not hand out a bonus for only the second time since 1953 this week after posting an annual loss of £234m.
with Abrdn, a global investment company, that will help it build 1,000 new homes.
The John Lewis Partnership said:"We've always said we would seek partnerships to help fund our transformation and exciting growth plans."Our partners, who own the business, will be the first to hear about any developments."The business was founded by John Lewis with a small shop on Oxford Street in 1864.
His son, John Spedan Lewis, created the partnership more than 70 years ago as an experiment into a better way of doing business by including staff in decision-making. The John Lewis Partnership is the UK's biggest employee-owned business with around 74,000 staff, known as partners.In a letter sent to staff last week, Dame Sharon raised the spectre of job losses as part of efforts"to become more efficient and productive".
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