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IN THE MONEY: Next boss Simon Wolfson sees pay rise by a third as profits soar at the fashion giant
Next’s boss saw his pay rise by close to a third after the company’s profits were swelled by £196million of Government support.
Simon Wolfson, who has run Britain’s largest fashion retailer since 2001, earned £3.4million in 2020, up from £2.6million in 2019. His pay last year included a £2.4million bonus.
Next received £114million under the Government’s Job Retention Scheme, and saved £82million from the business rates holiday, designed to help struggling firms on the High Street.
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