// Boohoo chief exec John Lyttle took home £1.35m in the year to February despite the business diving into a £90m loss in its full-year results
// Owner Mahmud Kamani also enjoyed an annual bonus worth 100% of his salary
Boohoo boss John Lyttle has been handed a £650,000 bonus despite the group racking up losses of over £90m.
According to the annual report of the group, which owns brands including PrettyLittleThing, Nasty Gal, MissPap, Lyttle took home a £1.35m pay packet in the year to February.
The sum was made up of his £651,000 salary and a bonus also worth around £651,000.
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Owner Mahmud Kamani, who co-founded the company in 2006 and is estimated to be worth about £675m took home £1m after receiving an annual bonus worth 100% of his salary.
The payouts came despite Boohoo diving into a £90m loss in its full-year results ended 28 February 2023, compared to a pre-tax profit of £7.8m in the same period last year.
At the time, Lyttle said: “Looking ahead, we are investing for the future growth of this business with automation, local fulfilment capacity in the US and building global brand awareness.
“We will deliver sustainable returns on these investments. We will continue to give our customers the latest trends, outstanding value and a great experience.
“Our confidence in the medium-term prospects for the group remain unchanged, and as we execute on our key priorities we see a clear path to improved profitability and getting back to double-digit revenue growth.”
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