JD Sports, Manchester City and Molly-Mae - BusinessLive North West

Latest news from BusinessLive Read in browser by Jon Robinson 🔹 Mon Nov 28, 2022 BusinessLive North West Editor JD Sports moves to head off potential shareholder revolt over executive pay JD Sports has moved to head off a potential shareholder revolt over executive pay. The retail giant was critici

Latest news from BusinessLive    Read in browser

by Jon Robinson 🔹 Mon Nov 28, 2022 BusinessLive North West Editor

JD Sports moves to head off potential shareholder revolt over executive pay JD Sports has moved to head off a potential shareholder revolt over executive pay. The retail giant was criticised by investors in July after it was revealed former boss Peter Cowgill had been paid almost £6m in bonuses since February 2021. The awards were made despite the listed group receiving more than £100m in government support during the Covid-19 pandemic. Now JD Sports has published a revised directors' remuneration policy as well as a new Long Term Incentive Plan and Deferred Bonus Plan. They will be voted on at a general meeting on December 13. Read the full story here

North West stories you may have missed KPMG to invest £5.5m in flagship Manchester office Funding agreed to support black and Asian businesses in Liverpool city region through Race Equality Hub Half-year profits more than double at United Utilities Sir Jim Ratcliffe: Who is the Ineos billionaire who wants to buy Manchester United? 'Economic growth will be choked off': Bruntwood boss warns of impact of Avanti West Coast cancellations Boohoo defends warehouse working conditions after investigation Social Chain co-founder helps Gen Z recruiter Placed App secure £4m investment

US private equity firm Silver Lake increases investment in Manchester City owner A US private equity firm has invested further in Manchester City's parent company. Silver Lake has strengthened its position as the second-largest shareholder in City Football Group and now holds a 18.16% stake. As a result of the deal, China Media Capital (CMC) has slashed its holdings to almost nothing. The confirmation of the deals come after a businessman known as 'China's Rupert Murdoch' stepped down as a director of Manchester City's owner. Read the full story here

More stories from across our network Primark announces it is opening more stores in £140m plan Greene King brewery staff set to strike over pay Poundland creates 160 jobs with store portfolio investment Redundancies at Joules HQ as search for buyer continues Sofa retailer ScS says trading is resilient despite 'challenging period'

Contact us You can get in touch via email - jon.robinson@reachplc.com, follow him on Twitter @JonRobinsonNews. And you can stay up to date with BusinessLive North West on Linkedin.

Peter Cowgill, Stock Exchange Hotel and a former England rugby player: The 24 latest hires and promotions across the North West A string of North West businesses have announced a range of top hires and promotions over the last week. The likes of The Fragrance Shop, KPMG and a luxury hotel owned by Gary Neville and Ryan Giggs and are among those who have made major moves. Here, BusinessLive rounds up the latest hires and promotions that we feel you should not miss. Read the full story here

Molly-Mae's business partner steps back from fake tan brand A businessman who partnered with influencer Molly-Mae Hague to launch a fake tan brand has stepped down as the company's director. George Gazzard no longer holds the position at Filter by Molly-Mae, which was established in 2019, according to a document filed with Companies House. Mr Gazzard had been a director since November that year alongside the former Love Island star. Filter by Molly-Mae is registered at Liverpool's Royal Liver Building while the influencer is now the company's sole director. The move comes after the businessman's Catalyst Global, which he co-founded, entered liquidation in September. Documents filed with Companies House show the company owed money to a number of celebrities when it collapsed. Read the full story here

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