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John Lewis hands founder’s great grandson £1.5m payoff

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Payment for Patrick Lewis, who will leave in June after 26 years, exceeds chairman’s annual salary

John Lewis is handing a £1.5m payoff to Patrick Lewis, the great grandson of the retailer’s founder and the only remaining family member of the business, who is to exit in June.

Lewis, who spent more than 26 years at the group, stepped down as a finance director in December and has since been on leave after being replaced by Bérangère Michel, formerly John Lewis’s director of customer service.

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