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Chair of retail group will depart by 2025
Chair’s departure in 2025 will offer both opportunity and uncertainty for ailing retailer
The service culture that made the partnership famous has withered as its board pursues profits beyond retail
Decision comes just weeks after UK retailer warned it would take two more years to complete turnaround
Retailer says transformation won’t be complete until 2027/2028 owing to inflation and rising wage costs
Residents in London borough complain about retailer’s project to develop 10,000 homes
But the retailer’s council did not support last year’s performance
UK retailer needs rapid change, Nish Kankiwala tells staff, ahead of employee vote of confidence in turnround plan
The mutual’s unusual partnership structure is celebrated but it limits room for financial manoeuvre
Struggling UK retailer launches probe into leaks relating to partial demutualisation
Retailer’s unusual structure not under threat, despite reports of plan to sell a minority stake, says chair Sharon White
Any external investor would have to be comfortable with big staff bonuses in good years and a form of worker democracy
Sale of minority stake after 73 years as partnership would enable struggling retailer to invest
UK retail group struggles with inflation and falling sales
Former Hovis boss Nish Kankiwala takes on newly created role as partnership struggles with rising costs and losses
Renting out UK dwellings is an entirely different business to selling saucepans
Some shops and other properties would be turned into houses as part of joint venture
Talk of the ‘moments economy’ is marketing guff but may serve the retailer well anyway
Partnership group plans 10,000 flats on Waitrose sites and will manage lettings itself
UK retail partnership owned by its 78,000 employees says it has no plans to close more stores or cut more jobs
Department store partnership to ditch price promise this year after almost a century
Millennials aren’t feeling it. Middle England is shopping around. Can the retailer shake itself up?
Employees angered by payouts while chain closes stores and sheds jobs
Group axed the payout last year for the first time since 1953 after the pandemic ravaged profits
Victoria Glendinning’s account of the miserly founder of middle England’s department store — and the son who gave it away
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