×
42 191
Fashion Jobs
SAKS FIFTH AVENUE
Senior Manager, Integrated Marketing
Permanent · New York
L'OREAL GROUP
Account Executive - Sales Skinceuticals (Montgomery, al)
Permanent · Montgomery
ULTA BEAUTY
Salon Manager-Carson Valley Plaza
Permanent · Carson City
ALICE AND OLIVIA
Sales Supervisor - Alice + Olivia Jeans
Permanent · New York
RAG & BONE
Associate Product Manager
Permanent · New York
CANADA GOOSE
Digital Marketing Manager
Permanent · NEW YORK
JCPENNEY
Senior Director, Accounting & Reporting
Permanent · Plano
PUMA
sr. Public Relations Manager – Puma Hoops
Permanent · Boston
L'OREAL GROUP
sr. Manager/ Manager of Maintenance & Facilities
Permanent · Somerset
L'OREAL GROUP
Manager, National Account - Walmart (Hair Color) Mge
Permanent · Bentonville
THE REALREAL
Account Luxury Manager
Permanent · Miami Beach
OLD NAVY
General Manager - Zona Rosa
Permanent · Kansas City
OLD NAVY
Loss Prevention Agent - Eastfield
Permanent · Springfield
RALPH LAUREN
Polo Factory Store - Store Selling Manager
Permanent · Johnson Creek
RALPH LAUREN
Polo Factory Store - Store Selling Manager
Permanent · Branson
COTY
Senior Manager, Performance Digital Media Marketing
Permanent · New York
A & F
Regional Manager of Asset Protection
Permanent · San Francisco
MARSHALLS
Store Operations Financial Planning & Analysis Manager
Permanent · Framingham
TJX COMPANIES INC.
Product Manager ii
Permanent · Marlborough
TJX COMPANIES INC.
Background Screening Compliance Investigator
Permanent · Marlborough
KOHLS
Staff Product Manager-Innovation
Permanent · Menomonee Falls
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Rapid City

SuperGroup founders launch wealth sharing staff incentive plan

By
Reuters API
Published
today Sep 12, 2017
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

The founders of British fashion retailer SuperGroup , owner of the Superdry brand, have launched an incentive plan that would see them share their wealth with the firm's 4,500 employees - if its share price rises significantly.


The business is valued at 1.27 billion pounds. - Photo: Superdry



SuperGroup detailed the move, which forms part of its strategy to attract and retain talent, at its annual shareholders' meeting on Tuesday.

The scheme, which runs to September 2020, would see Julian Dunkerton and James Holder, transfer into a trust 20 percent of their gain from any increase in the group's share price over 18 pounds.

Dunkerton and Holder grew the fashion chain from a market stall in Cheltenham, western England, and listed its shares at 500 pence in London in 2010.

The stock closed Monday at 1,560 pence, valuing the business at 1.27 billion pounds.

Dunkerton, the group's product and brand director, owns 26.7 percent of SuperGroup's equity, while Holder owns 10.6 percent.

Each 5-pound increase in the shares over the 18 pounds level would see the founders put 30 million pounds into the trust to be shared by staff worldwide.

Chief Executive Euan Sutherland and Chief Financial Officer Nick Wharton participate in existing long-term incentive arrangements and have waived their entitlement to take part in the scheme.

"As the founders of the business we remain significant investors and it is important to us that we share our ongoing success with all colleagues," said Dunkerton.

In July SuperGroup reported an 18.4 percent rise in 2016-17 underlying pretax profit.
 

© Thomson Reuters 2020 All rights reserved.