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Gloucestershire Business News

Doors may stay shut on Cheltenham's John Lewis

John Lewis, Cheltenham

Concerns have been raised over whether all of  John Lewis stores will reopen after the coronavirus crisis.

The retail giant's 50 department stores, including its new branch in Cheltenham, have been closed since government restrictions were introduced on March 23.

And according to The Times, less profitable branches will not open their doors again with John Lewis Partnership looking at reducing a reliance on retailing as it looks to work with an outside investor.

The Times reports that chairwoman Dame Sharon White is behind the plans for a greater focus on services in a joint venture with any potential investor.

The introduction of any outside investor would dilute the stake in the company held by employees - or partners as the company calls them.

John Lewis' Cheltenham High Street branch opened in October 2018 on the site of the former Beechwood Place Shopping Centre.

It followed a £23million revamp of the site.

John Lewis is reopening its textiles factory in Lancashire and bring back 15 furloughed sewing experts to make 8,000 clinical gowns for the NHS.

The company's Waitrose shops continue to trade throughout the crisis.

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