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The Guardian - UK

Business

Sarah Butler

Debenhams boss could receive almost £150m if he turns around struggling retailer

Debenhams Boohoo Dan Finley Debenhams Group Frasers

A woman looks at the Boohoo website on a laptop — Debenhams is ditching a former management reward scheme after wrangles between Boohoo’s founders and shareholders over bonus payouts. Photograph: Anthony Harvey/Rex/Shutterstock

The boss of Boohoo and Debenhams could collect almost £150m in shares if he significantly boosts the value of the struggling fashion group, which is battling to turnaround sliding sales.

Debenhams Group said on Thursday that Dan Finley, the chief executive, is in line to receive £148.1m in stock in five years’ time, as part of an incentive scheme for top bosses worth more than £200m.

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