Partnership blames restructuring costs plus tax rises and new packaging rules but expects full-year profit to grow
The owner of John Lewis and Waitrose has said its losses widened to £88m in the first half of this year, as it took a hit from restructuring costs as well as new tax and regulatory charges.
John Lewis Partnership, which operates 36 department stores and more than 300 Waitrose supermarkets, said new packaging regulations and national insurance payments had cost it £29m, while it spent £54m on restructuring its business.
