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Manchester Evening News
Manchester Evening News
World
Jon Robinson

Manchester-based Boohoo will hand out £175m in bonuses if company's value balloons to £5bn

Boohoo is to hand out bonuses worth £175m if its value balloons to £5bn over the coming years.

The Manchester-headquartered fashion giant's new bonus plan would include giving £50m to its chief executive, John Lyttle, as well as £25m to chief financial officer Shaun McCabe, £20m to co-founder Carol Kane and £12.5m to Samir Kamani, the CEO of Boohoo and BoohooMAN.

The bonuses would be given out in stages if certain milestones are met.

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