More info about John Lewis and its current situation [0] and [1]. Most interesting to me is: "Insiders claim that some years’ borrowings were ramped up in orde

More info about John Lewis and its current situation [0] and [1]. Most interesting to me is: "Insiders claim that some years’ borrowings were ramped up in order to avoid having to think the unthinkable and cut the hallowed John Lewis staff bonus, as profits failed to keep up with the pace of store openings." It only takes a few years of mismanagement for a partner owned company like Waitrose to borrow too much and step on the landmine of unserviceable debt. The company is then has to be sold and metastasises into a normal company. Obviously the most unjust thing in that story is that upper management probably not only get paid too much while causing the situation but likely negotiate a personally beneficial settlement for themselves as the ship burns and sinks. 0 - https://www.telegraph.co.uk/business/2023/07/12/john-lewis-rebound-waitrose-dame-sharon-white-bonus-debt/ https://www.telegraph.co.uk/business/2023/07/12/john-lewis-r... 1 - https://www.telegraph.co.uk/business/2023/05/11/can-dame-sharon-white-save-john-lewis/ https://www.telegraph.co.uk/business/2023/05/11/can-dame-sha... (Apologies for linking to that website)