Home / Royal Mail / Boohoo facing shareholder revolt on bosses’ bonuses after tumbling to a £160m loss

Boohoo facing shareholder revolt on bosses’ bonuses after tumbling to a £160m loss

Bad look: Boohoo is facing a shareholder revolt over bosses’ bonuses

Boohoo is facing a shareholder revolt over plans to pay bosses bonuses despite losses. 

The fast fashion giant has been blasted after the £1million payouts were outlined in its yearly report despite missed financial targets. 

Several shareholders are planning to vote against proposals to hand co-founders Mahmud Kamani and Carol Kane and CEO John Lyttle bonuses at Boohoo’s annual general meeting next month, 

The Sunday Times reported. It comes after Boohoo revenue tumbled 17 per cent in its latest financial year, and it reported a loss of nearly £160million. 


Source link

About admin

Check Also

Friday papers: Royal Mail warns of £120m hit from national insurance rise – Citywire

: Royal Mail has warned that its heavily lossmaking business will be hit by a …

Leave a Reply

Your email address will not be published. Required fields are marked *