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Evening Standard

Henry Saker-Clark

Debenhams boss could receive almost £150m bonus without vote if shares soar

Debenhams Mike Ashley Dan Finley Debenhams Group

It is the latest move in an increasingly bitter row between Debenhams and Mike Ashley’s Frasers Group, which owns an almost 29% stake in Debenhams (Alamy/PA) -

Debenhams Group has launched a new executive bonus scheme which could see its boss paid almost £150 million without a shareholder vote if the online fashion firm’s value sharply rebounds.

It comes amid a major dispute between the leadership of Debenhams and significant shareholder Mike Ashley.

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