European shares mixed; UK employment market shows ‘rays of light’ for jobseekers with upturn in pay, study says
More retail news: The John Lewis Partnership, Britain’s biggest employee-owned retailer, has said that Peter Ruis, the boss of its department store chain, will step down “to pursue new projects”.
It said Ruis, who has been managing director of John Lewis department stores since 2024, will be replaced by Will Kernan, who sits on the partnership’s board as a non-executive director, as part of an “orderly succession plan”.
Having served on the partnership’s board for three years, I have a clear understanding of the John Lewis business and a huge appreciation for the partnership’s values and employee-ownership model. We have significant headroom for growth and I’m looking forward to leading the team to ensure John Lewis remains the country’s most trusted and loved retailer, in store and online.
