Boohoo boss could be in line for £50m bonus

1 year ago 35

Online retailer raises incentives for senior management after slump in share price and slow Christmas sales

The boss of Boohoo could be in line for a bonus worth as much as £50m as the fast fashion retailer seeks to overhaul its management incentive scheme and put the business back on track after a slump in its share price.

The online retailer – known for its brands including Pretty Litle Thing and Nasty Gal, and for tie-ups with celebrities including Kourtney Kardashian Barker and Megan Fox – has announced a new performance plan making it easier for the senior management team to hit targets.

Continue reading...
Read Entire Article