More details on John Lewis restructuring

Changes at John Lewis Partnership include cutting costs by £100m a year, and merging its two divisions, department stores and supermarkets to avoid duplication. Around one-third of management roles will be lost in the shift. Paula Nickolds, managing director of John Lewis stores, will become executive director of brand, heading a team of eight executives, while Rob Collins, managing director of Waitrose will leave early next year. According to the current chairman who is being replaced in early February 2020, these measures would have been difficult to take for the new chairman in her first year. According to management, the new structure reflects the overlap between the two divisions: 80% of customers who spend most at the group shop both at Waitrose and John Lewis.
See press release for more details of structure and executive team.
press release on john lewis restructuring
