Asos boss given £300,000 pay boost despite increasing losses
The Guardian|November 19, 2024
Asos has been accused of rewarding its chief executive for "spectacular failure" after giving him a £300,000 pay rise even as the online fast-fashion retailer cut jobs and recorded widening losses.
Jasper Jolly

José Antonio Ramos Calamonte's total pay rose from £814,000 to £1.17m in 2024, a 44% increase, according to its annual report, published yesterday.

Asos became an investor darling during the Covid pandemic as shoppers shifted their spending online. However, the retailer's share price crashed as shops reopened, and nimbler rivals, particularly China's Shein, muscled in on its online turf.

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