Thursday, 23 December 2021

Stella McCartney got pay rise while fashion firm took furlough cash

The designer’s salary rose to £2.7m last year while her company claimed almost £850k in government support

Stella McCartney took a near £2.7m salary from her fashion company last year, up more than £220,000 on the year before, while the business claimed almost £850,000 in support from the government’s furlough scheme.

The designer’s pay went up despite a 26% fall in sales to £28.4m in the year to 31 December 2020, as sales in the UK more than halved, while the company recorded a pre-tax loss of £31.4m, according to accounts for Stella McCartney Limited filed at Companies House. The group made a £33.4m pretax loss the year before.

Continue reading...

from World news | The Guardian https://ift.tt/33U7uPP

No comments:

Post a Comment

Republican says Trump’s support of Ken Paxton in Texas primary was ‘colossal mistake’

Thom Tillis says Trump’s decision to back Paxton over John Cornyn has put the Senate seat at risk for Republicans US senator Thom Tillis on ...