Today news
About the same in other media
Stella McCartney got pay rise as fashion firm took furlough cash
Reading now: 632
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
Read more on theguardian.comAbout this in other media
Equity funds cash in with £14bn haul despite Omicron fears fnlondon.com /2 years ago
Donald Trump golf resorts claimed at least £3.3m in UK furlough support theguardian.com /2 years ago
Balfour Beatty to pay £49m fine for fraud against US military theguardian.com /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
