More losses announced and a warning of delayed recovery: Why hasn’t failing Dame Sharon White been sacked by John Lewis?
By Tom Winnifrith | Thursday 14 September 2023
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Sharon White was appointed, with no retail experience whatsoever, as chair of John Lewis in 2019 on an annual salary of just shy of a Bernie. A year later, for services to the bien pensant community, when was made a Dame and unveiled a five year plan to get John Lewis to making £400 million of profit by 2025. Since then, it has been loss after loss after loss and today it got worse.
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