John Lewis boss has pay increased 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 which owns John Lewis and Waitrose was handed a 21% increase in basic pay last year to £1.2m, as the retailer cut 3,300 jobs.

Jason Tarry, who became the 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. He also received a £22,700 annual bonus – equivalent to 2% of his pay – and other benefits taking his total pay package to almost £1.26m, compared with £415,000 a year before when he only worked part of the year after taking over from Sharon White.