Boohoo faces backlash for 'growth share plan' which will see bosses pocket £175m

Boohoo had faced a shareholder backlash over its plans to hand executives £175 million if its share price improves, although the scheme was narrowly approved.

The fast fashion retailer‘s “growth share plan” has proved controversial to investors, with 37% of shareholders voting to reject it on Wednesday.

Boohoo is set to go ahead with its plans, which make it the third bonus plan to be rolled out in four years.