Clothing & Shoes

Boohoo ditches £1m exec bonus plan after shareholder backlash

In the year ended 29 February 2024, revenues fell by 17% to £1.46bn, down from £1.77bn the prior year

Boohoo has announced that it has decided to withdraw from paying its top executives bonuses worth £1m after it received backlash from shareholders for awarding millions of pounds in bonuses to executives despite widened losses.

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