Next chief Simon Wolfson paid record £7.4m – and could get far more this year

‘Sustained outperformance’ merits pay rise, says company after it ups profit guidance to £1.2bn for year to January 2027The Next chief executive, Simon Wolfson, took home more than £7m last year, his highest ever pay package, and could be handed up to £9.27m this year after the retailer announced plans to increase his basic salary and bonuses.The listed company said it was increasing its pay deal for the long-term leader of the fashion and homewares retailer, which now controls a string of brands in the UK including Gap, Victoria’s Secret, Cath Kidston, Reiss and FatFace, as his remuneration was 30% below the average for FTSE 100 bosses. Continue reading...