Boohoo dealing with shareholder revolt on bosses’ bonuses after £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.
