John Lewis boss’s pay rises to £1.2m as retailer cuts 3,300 jobs

Jason Tarry sees salary increase by 21% in year to January, while fewer people are employed at John Lewis and Waitrose stores

The boss of the group that owns John Lewis and Waitrose was handed a 21% increase in basic pay last year to £1.2m while the retailer cut 3,300 jobs.

Jason Tarry, who became chair of the John Lewis Partnership (JLP) in September 2024, saw his annual salary increase by a fifth to £1.2m in the year to January, from £990,000.