There is no one to guarantee John Lewis though.
Mike Ashley can guarantee House of Fraser even if they were trading insolvently.
If John Lewis went insolvent how would they recapitalise, presumably they can’t do share offers?
You are right that Waitrose gives them Cashflow for the moment.
How are the supermarkets doing? Panic buying would have been a windfall and more eating at home raises demand but queuing must be reducing sales (if you have to queue you won’t go as often so you will buy less discretionary stuff).
Mike Ashley can guarantee House of Fraser even if they were trading insolvently.
If John Lewis went insolvent how would they recapitalise, presumably they can’t do share offers?
You are right that Waitrose gives them Cashflow for the moment.
How are the supermarkets doing? Panic buying would have been a windfall and more eating at home raises demand but queuing must be reducing sales (if you have to queue you won’t go as often so you will buy less discretionary stuff).