Boohoo faces shareholder revolt over bosses’ bonuses after plunging to £160m losses
Bad look: Boohoo faces a shareholder revolt over bosses’ bonuses
Boohoo is facing a shareholder revolt over plans to pay bosses bonuses despite losses.
The fast fashion giant was dealt a major blow after £1million payouts were outlined in its annual report, despite failing to meet financial targets.
Several shareholders plan 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 reports this. It comes after Boohoo’s turnover fell 17 per cent in its last financial year, reporting a loss of almost £160 million.