MANCHESTER – UK-based fast fashion brand Boohoo is facing a shareholder revolt after advisory firms recommended investors reject a pay report. The firms have voiced concerns about the bonuses given to executives after the company made losses of more than £90m in the last financial year.
Institutional Shareholder Services (ISS) is said to have urged investors to reject the retailer’s pay report at its upcoming annual general meeting (AGM) after its leadership team was awarded bonuses for the year to February 2023.
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