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.

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

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