River Island bonuses
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Executives at River Island are in line for bumper bonuses of up to £1 million each in the New Year on the back of sparkling Christmas trading. The fashion chain, led by chief executive Clive Lewis and managing director Richard Bradbury, is wholly owned by the Lewis family through its Lewis Trust Group.
Insiders say the family prefers to pay out huge performance-related bonuses to its senior bosses rather than hand over equity in the business, In September, the company bucked the High Street trend by announcing profits for the full year had soared 70 per cent to £139 million.
With over 200 stores in the UK and a growing international franchise, River Island is one of the UK's largest privately owned companies. The company states it designs most of its collections in-house, to maintain the company's unique appeal on the high street.