John Lewis to repay £300m Covid loan two months early
by Mark Sweney from Science | The Guardian on (#5D5JW)
Retailer upgrades profit guidance after stronger than expected sales over Christmas
John Lewis is to repay a 300m government Covid support loan almost two months early, as the retailer upgraded its profit guidance after stronger than expected sales during the crucial festive season.
The upgrade means the John Lewis Partnership, which also owns Waitrose, appears to have avoided reporting potentially its first full-year loss since the employee-owned business was set up in 1920.
Continue reading...