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Stella McCartney got pay rise as fashion firm took furlough cash
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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.
The accounts say that McCartney’s label, in which she sold a minority stake to French luxury goods conglomerate LVMH in 2019, said it was dependent on additional funds being provided by its new shareholder in order to
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