LONDON (Reuters) - Britain's John Lewis Partnership said on Wednesday it would raise its minimum rates of staff pay by 10%, starting April, at a cost of 116 million pounds ($148 million).
The group, which owns John Lewis department stores and the Waitrose supermarket chain, said minimum hourly rates would rise to 11.55 pounds across the UK -- above the government's national living wage, which will increase by 9.8% to 11.44 pounds an hour.
The partnership's rate for London staff will rise to 12.89 pounds.
($1 = 0.7860 pounds)
(Reporting by James Davey; Editing by Sachin Ravikumar)
John Patrick Lewis is currently an Independent Non-Executive Director at Sanderson Design Group Plc, President & Director at Employee Ownership Association, Director at Girls' Education Co. Ltd., Director at Margrange Investments Ltd., Director at Wycombe Abbey School, and Chief Financial Officer & Director at Made.com Group Plc.
Previously, he served as Non-Executive Chairman at 3bm Trustee Ltd., Director at John Lewis Plc, Chief Financial Officer & Executive Director at John Lewis Partnership Plc, Non-Executive Director at Ocado Innovation Ltd.
and Ocado Group Plc, Director at John Lewis Properties Plc and John Lewis Car Finance Ltd., Finance Manager at Procter & Gamble Co., and Principal at Bain & Co., Inc. He holds an MBA degree from INSEAD.
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Employee Ownership Association
 Employee Ownership Association Miscellaneous Commercial ServicesCommercial Services The Employee Ownership Association (EOA) provides advice, introductions to peers, and a range of services to help bring employee ownership to businesses. The non-profit company is based in Brough, UK, and has subsidiaries in the United Kingdom. The EOA represents organizations that are employee-owned or transitioning to employee ownership. The EOA offers a program in partnership with Telos and J Gadd Associates to equip leaders and managers with the right tools and mindset to drive success in an employee-owned business. The economic contribution of employee ownership is significant and growing. The British company was founded in 1979 by Robert Oakeshott. | President |
| MADM GROU | Director of Finance/CFO |
