The boss of fashion brand Boohoo could bag a bonus worth 200% of his £652,000 salary if he hit a series of targets in the next year. John Lyttle will be part of a new long-term incentive plan (LTIP) announced by the business.
The Mancester-based group, which also owns Karen Millen, Nasty Gal, PrettyLittleThing, Coast, Misspap, Oasis, Warehouse, Burton, Wallis, Dorothy Perkins and Debenhams, has published its annual report, BusinessLive reports.
The new LTIP comes on top of Boohoo's existing plan to hand the CEO a £150m boost if its share price reaches £6. However, the group's share price is currently hovering at around 80p after falling from £3.19 last May.
