John Lewis boss sees pay rise to £1.2m as company cuts 3,300 jobs

Iconic UK department store chain axes 3,300 jobs - as boss’ pay rises to £1.2m

OVER 3,000 jobs were cut from a major retailer last year despite the group's boss taking home a salary of £1.2million. The department store...

John Lewis boss sees pay rise to £1.2m as company cuts 3,300 jobs

Beloved chain hit by internet rivals but is fighting back

John Lewis hands chairman biggest pay package since 2020

John Lewis CEO’s pay rises over 20% amid ongoing store staff cuts and strategic turnaround

John Lewis chief Jason Tarry received a pay increase of more than 20 per cent last year, even as the employee-owned retailer and Waitrose owner trimmed thousands from its workforce. The group’s annual report, as described by Business Plus, shows that his base salary rose from £990,000 to £1.2m in April, taking total pay to £1.26m once benefits were included. The rise came at a time when the business was still working through a major turnaround. …

John Lewis Names Tarry Chairman in Strategy Shift

The appointment of Jason Tarry as chairman of John Lewis Partnership signals a deliberate shift in strategy toward commercial discipline, a move that investors will likely welcome as the retailer seeks to balance its storied ethos with market realities. Tarry’s 21 per cent pay rise to £1.2m reflects the board’s confidence in his ability to execute a turnaround, particularly given his track record… Source

John Lewis boss takes 20 per cent pay rise as retailer cuts jobs

The new chairman of John Lewis took a pay rise and bonus despite the retailer cutting thousands of jobs.  Jason Tarry saw his basic pay rate increase by 21 per cent and took a two per cent bonus, despite his firm slashing more than 3,000 jobs last year. Tarry took the reins of the John Lewis Partnership – which owns retailer John Lewis and upmarket grocer Waitrose – in September 2024, taking over from former civil servant Sharon White, who was t…