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...US investors are also shunning China over concerns about deteriorating relations between Washington and Beijing....
...This month the Washington Post reported the discovery of a massive attack on Japan’s defence networks by Chinese military hackers carried out in late 2020....
...Tesco veteran Jason Tarry will replace Dame Sharon White as chair of John Lewis Partnership, taking over the British retail group as it undergoes a painful turnaround to boost profitability....
...Tesco veteran Jason Tarry will replace Dame Sharon White as chair of John Lewis and Waitrose....
...The owner of John Lewis and Waitrose has returned to profit after three years of annual losses, in an early sign that chair Dame Sharon White’s turnaround plan is working....
...It puts Tarry in the driving seat as the owner of department store John Lewis and upmarket grocer Waitrose enters the next chapter of a painful turnaround after almost five years under Dame Sharon White....
...Dame Sharon White told workers at John Lewis and Waitrose of a “difficult week” following her decision to step down as she acknowledged there was no ideal timing for her departure and that she intended to...
...Departing chair Dame Sharon White said the group would focus “unashamedly” on its retail offering by opening more Waitrose shops and refurbishing existing ones, as well as revitalising John Lewis’s products...
...Dame Sharon White will step down as chair of John Lewis and Waitrose in 2025 as part of an “orderly succession process”....
...John Lewis Partnership declined to comment....
...If Dame Sharon White had already made her mind up about stepping down as chair of John Lewis and Waitrose last month, it did not show....
...Dame Sharon White will step down as chair of John Lewis and Waitrose in 2025 as part of an “orderly succession process”, just weeks after the retailer warned it would take a further two years to complete...
...A lawyer representing Lewis, who is based in the Bahamas, did not immediately respond to a request for comment. Read more here...
...They are also both experiencing a degree of leadership upheaval, with Dame Sharon White stepping down as chair of John Lewis next year, or as soon as a replacement is found....
...That was Leo Lewis and Kana Inagaki here in the Tokyo bureau of the FT, joining me for this discussion of Japan....
...Lewis, who was born in an east London pub in 1937, dropped out of school as a teenager and joined his family catering business....
...By joining the Washington Post, Lewis adds to the ranks of British executives at the helm of top US media organisations....
...Many globalised Japanese groups have become adept at straddling and navigating the US and Chinese markets even as geopolitics push Washington and Beijing further apart....
...Chair Dame Sharon White has been spearheading a revival plan, which has now been pushed back to 2027/28. However, there were some signs of recovery in the latest results....
...John Lewis chair Sharon White has won a confidence vote on her future leadership but lost a vote on last year’s performance....
...Just as Dame Sharon White is breaking up with the John Lewis Partnership, many of its once-loyal customers have already left the brand....
...Dame Sharon White With an impressive CV in the public and private sector, White is currently chair of the John Lewis Partnership....
...John Lewis chair Dame Sharon White has won a confidence vote on her future leadership but lost a second ballot cast by the retailer’s partnership council on last year’s performance....
...Completion of a five-year revival plan, spearheaded by chair Dame Sharon White, has now been pushed back to 2027/28 from 2025/26....
...leo.lewis@ft.com...
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