The UK's John Lewis Partnership is exiting its build-to-rent (BTR) business, citing a “fundamental shift” in economic conditions since the initiative began in 2020. According to a report on Reuters, the employee-owned retailer, which operates the John Lewis department stores and Waitrose supermarkets, said the withdrawal aligns with executive chair Jason Tarry’s strategy to focus on core retail operations. The partnership’s move into the BTR market was launched under former chair Sharon White as part of ...