Boohoo bosses in line for £150m bonus in new incentive plan
The bosses of pureplay fashion powerhouse Boohoo are in line for a £150m bonus if shares rise by two thirds over the next three years as part of a new incentive scheme.
The retailer, which owns brands including Nasty Gal, Pretty Little Thing, Coast and Karen Millen, has been one of the sector’s continuous success stories since floating in 2014.
Sales have again boomed during lockdown and the company announced today that bosses including co-founders Mahmud Kamani and Carol Kane would be in line for huge bonuses.
Boohoo said today that its remuneration committee had created a long-term incentive plan designed to “ensure that the group’s leadership team is motivated” to continue “the exceptional levels of performance that [Boohoo] has delivered since IPO”.
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