John Lewis looks at sale and leaseback of 12 Waitrose supermarkets
by Sarah Butler from World news | The Guardian on (#6F50E)
Retail chain hopes to raise 150m to fund store updates and invest in online operations
John Lewis is looking into raising 150m from the sale and leaseback of a dozen Waitrose supermarkets to fund investment in updating the business.
The staff-owned retailer, which this month announced a half-year loss of 59m, wants cash to update stores, improve prices and invest online operation, including expanding online grocery deliveries.
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