Employees at Boohoo Group express discontent over a trip to Bodrum, Turkey, by senior executives amidst financial struggles.
- The trip involved around 30 senior executives, including key figures like Mahmud Kamani and John Lyttle.
- Concerns were raised due to ongoing company losses and cancelled meetings affecting staff morale.
- Boohoo Group’s explanation that the trip is a social gathering, not financed by the company, hasn’t allayed fears.
- Previously planned bonuses for top executives were scrapped following shareholder backlash.
Employees at Boohoo Group have voiced significant concern over a recent trip to Bodrum, Turkey, by approximately 30 senior executives. This trip, which involves key figures such as Mahmud Kamani, Carol Kane, John Lyttle, Paul Papworth, Caroline Evans, and Mark Baker, has been described as a social outing not paid for by the company.
Criticism of the trip’s timing is heightened by the company’s financial difficulties, marked by increased losses before tax and a notable revenue drop over the past year. An employee highlighted the brand’s struggles and the cancellation of scheduled meetings, questioning the decision to proceed with the trip.
Despite assertions that the executives are capable of working remotely during their trip, discomfort among the staff remains pronounced. Another employee commented on the dip in morale, emphasising the challenge of maintaining motivation amid such corporate decisions.
In May, Boohoo Group made headlines after retracting a bonus scheme intended to reward executives Kamani, Kane, and Lyttle with £1 million each. This decision followed significant shareholder opposition and was announced shortly before the group’s annual general meeting.
Boohoo Group has declined to comment further on the trip, although insiders maintain that company funds are not being utilised for this purpose. The backdrop of financial strain amplifies the discontent and scrutiny surrounding this executive decision.
The Boohoo executives’ trip has sparked notable controversy amidst ongoing financial challenges, reflecting broader corporate governance tensions.
