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The Guardian - UK
The Guardian - UK
Business
Sarah Butler

Boohoo founders get hefty bonuses despite missing sales and profit targets

Carol Kane, right, and Mahmud Kamani were due to receive a bonus equivalent to 30% of salary after missing sales and underlying profit targets.
Carol Kane, right, and Mahmud Kamani were due to receive a bonus equivalent to 30% of salary after missing sales and underlying profit targets. Photograph: Jerritt Clark/Getty Images for bohooo

The founders of fast fashion retailer Boohoo.com doubled their pay to about £1m each last year as they were handed hefty bonuses despite missing financial targets.

Directors decided that both Carol Kane and Mahmud Kamani deserved bonuses equivalent to their annual basic salary – instead of the 30% they had been due to receive after missing sales and underlying profit targets.

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