Asos, Retail industry, Business, UK news Business | The Guardian
Retailer’s share price has crashed amid post-Covid high street recovery and competition from Shein and othersBusiness live – latest updatesAsos has been accused of rewarding its chief executive for “spectacular failure” after handing him a £300,000 pay rise even as the online fast-fashion retailer cut UK jobs and recorded widening losses.José Antonio Ramos Calamonte’s total pay rose from £814,000 to £1.17m in 2024, a 44% increase, according to its annual report, published on Monday. Continue reading…
Retailer’s share price has crashed amid post-Covid high street recovery and competition from Shein and others
Asos has been accused of rewarding its chief executive for “spectacular failure” after handing him a £300,000 pay rise even as the online fast-fashion retailer cut UK jobs and recorded widening losses.
José Antonio Ramos Calamonte’s total pay rose from £814,000 to £1.17m in 2024, a 44% increase, according to its annual report, published on Monday.
