Sharon White: the economist shaking up John Lewis
Dame Sharon White had no experience of retail when she took the top job at the nation’s favourite department store. Can she turn around an ailing industry?

When Dame Sharon White became chair of the John Lewis Partnership at the start of the year, she signalled her determination to be radical. The onslaught of Covid-19 has turbocharged that ambition, says The Daily Telegraph. Last month, White announced plans to shut a supposedly flagship store in the centre of Birmingham – a shocking but textbook response to predictions that up to 70% of department-store sales could be conducted online, even after the threat of the virus has passed. Now we learn that her strategic review will go much further. White’s plan to save the retailer includes ramping up its financial-services business, a move into horticulture and plans to turn some stores into affordable housing. Talk about “bringing down the curtain on the golden age of the department store”.
An industry rookie takes the helm
Given her CV – which takes in the World Bank, the British Embassy in Washington, the Treasury and Number 10’s policy unit, and Ofcom – White, 52, seemed an unusual choice to lead the nation’s favourite department store. Some wondered whether “an industry rookie” could cut it in the rough and tumble world of retail, says The Times. All the more so since her arrival at John Lewis coincided with an internecine conflict among the group’s top brass: “a botched restructuring” under her predecessor Sir Charlie Mayfield “bequeathed White a business bereft of experienced leadership”.
It is said that some staff “wept with joy” when her appointment was announced, notes the Chartered Management Institute: one in six of the group’s staff are of ethnic-minority heritage – a statistic hitherto not reflected in its top echelons. Certainly, White’s background marked a departure from the “white, privately educated men” who had traditionally led the group. The daughter of Windrush-generation Jamaican immigrants, White was born and raised in Leyton, east London. Her father worked for British Rail and her mother was a machinist. White was fortunate in her education at an all-girl comprehensive clearly prepared to push pupils to their full potential – in the mid-1980s, she made it to Cambridge to study economics and joined the civil service in 1989.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Results with no ruffled feathers
White made her mark in government circles with a down-to-earth, approachable style – gaining a winning reputation as someone “extremely good at her job, but fun”, says The Guardian. The Tory grandee Ken Clarke described her as one of the brightest people he’d ever worked with. In the mid-1990s, she quit the UK Treasury for Washington with her husband, fellow economist Robert Chote, later returning to resume a swift ascent in Whitehall. In 2011, White led the review of the Treasury’s response to the financial crisis, says the Financial Times. Two years later she became the second woman – “and the first black person – to be appointed as a permanent secretary at the Treasury”, reflecting a big shift in an institution, which, as she remarked, was seen as having “quite a macho culture”.
White’s ability to get results without unduly ruffling feathers was to the fore at Ofcom, where she took on “big interests”, ranging from the Murdoch dynasty to the Russian government. The challenge at John Lewis is very different. In the battle for survival, “there is a risk that the partnership’s love of democracy” and management by committee “will slow it down” at a time when speed and decisive leadership is vital, says The Times. White has shown she can be tough when necessary, but doubtless her cajoling charm will come in handy.
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
Jane writes profiles for MoneyWeek and is city editor of The Week. A former British Society of Magazine Editors editor of the year, she cut her teeth in journalism editing The Daily Telegraph’s Letters page and writing gossip for the London Evening Standard – while contributing to a kaleidoscopic range of business magazines including Personnel Today, Edge, Microscope, Computing, PC Business World, and Business & Finance.
She has edited corporate publications for accountants BDO, business psychologists YSC Consulting, and the law firm Stephenson Harwood – also enjoying a stint as a researcher for the due diligence department of a global risk advisory firm.
Her sole book to date, Stay or Go? (2016), rehearsed the arguments on both sides of the EU referendum.
She lives in north London, has a degree in modern history from Trinity College, Oxford, and is currently learning to play the drums.
-
Widow’s warning: Are you missing out on up to £11,000 in inherited state pension?
If your late spouse built up contributions under the old state pension, you could be entitled to inherit a portion of it. What are the rules and are you eligible?
By Katie Williams Published
-
How much should I have in savings? Average savings by age
We look at how much you should aim to have in your savings at every decade of your life, and how you can go about achieving this.
By Daniel Hilton Published
-
Is Rachel Reeves leading the UK to a spring crisis?
Opinion Rachel Reeves is sleepwalking into an economic catastrophe of her own making. Don’t expect a change of direction, says Matthew Lynn
By Matthew Lynn Published
-
Aga Khan, spiritual leader and billionaire investor, dies at 88
The Aga Khan was a religious leader to millions of Shia Ismaili Muslims and a billionaire investor with a love of horses. He saw no contradiction in his roles
By Jane Lewis Published
-
Will Labour rethink the Chagos Islands deal with Mauritius?
Labour hailed its agreement to hand control of the Chagos Islands to Mauritius as a diplomatic coup. The reality is more woeful, says Simon Wilson
By Simon Wilson Published
-
No need to run from the robots: Nobel laureate Daron Acemoglu talks to MoneyWeek
Interview Daron Acemoglu, Nobel Prize winner and professor at MIT tells Matthew Partridge why the gains from AI have been overhyped
By Dr Matthew Partridge Published
-
Deepseek's Liang Wenfeng: the maths whizz who shook Big Tech
Few people had heard of Liang Wenfeng until the launch of his DeepSeek AI chatbot wiped a trillion dollars off US technology stocks. His pivot to AI was of a piece with his past exploits.
By Jane Lewis Published
-
Donald Trump's tariffs spark a global game of thrones
We don’t know what Donald Trump intends or will do next. That is in itself damaging.
By Emily Hohler Published
-
RedNote: the rise of the new TikTok
RedNote, a Chinese rival to social-media app TikTok, has seen millions of US users flock to it in the wake of the US TikTok ban. That caught the company by surprise. What is RedNote and can its popularity last?
By Jane Lewis Published
-
Australian tycoon Andrew Forrest battles it out with oil giant ExxonMobil
Iron ore billionaire Andrew Forrest made billions before committing himself to philanthropy. Now he is preparing for a showdown with ExxonMobil.
By Jane Lewis Published