Majestic boss tops list of highest paid retail execs

Majestic boss Rowan Gormley has topped the list of highest paid UK retail bosses due to the company’s acquisition of Naked Wines, a new survey by trade publication Retail Week has claimed.

Naked Wines founder Rowan Gormley

The top 100 highest-rewarded retail executive report, based on the publication’s analysis, put Gormley at the top of the list due to the £5.1 million pay-off he received related to the Naked Wines acquisition deal. Along with his comparatively modest £222k salary and other benefits, Retail Week put his total annual package at £5.386 million. 

Gormley beat Tesco boss Dave Lewis – whose as the highest salaried exec in the list has a salary more than five and half times that of the Majestic boss, it said – who was in third place with a net package of around £5.244 million in 2016-17. Morrisons boss David Potts and CFO Trevor Stain also make the top ten at 8th and 10th place respectively, just ahead of Sainsbury’s CEO Mike Coupe in 11th place with a package of £2.349 million. Steve Rowe of Marks & Spencer came in in 17th place. 

In June, Majestic reported it was ‘past the tipping point’ financially and operationally as it saw double digit sales growth for the year, even though profits took a hit on the back of the costs related to the Naked Wine acquisition, one-off costs and the revaluation of foreign exchange and Brexit-related currency impacts.

3 Responses to “Majestic boss tops list of highest paid retail execs”

  1. It’s quite vulgar and he cant even shave!!

  2. john thorne says:

    Dear John, It might just be a five o clock shadow !
    Can’t comment on vulgarity of salary, as I am rather envious. Still trying to calculate how many bottles of wine one has to sell to reach that point.Can anyone help ?

  3. Paul Stewart says:

    I Have worked for Majestic in store and its a joke that this an earns this salary whilst minimum wage is paid to junior staff who actually do all the work Merchandising thats unloading upto 5 pallets of wines in a morning (on your own) Back Breaking, then if your very lucky 1/2 hour unpaid lunch break! (maybe 3/4 times a week less than 1/2 hour! Then your expected to deliver in van with absolutely no care for your Health and Safety( delivering to pub and restaurant cellars with dangerous stairs) attitude from store partners/Managers is take it to where ever they want it! No care for staff safety in store either with fire exits blocked by pallets of wine. So perhaps Mr Gormley should start at the bottom and sort some of these problems out! but ey why would he..working for Majestic in store is akin to Slave Labour… Oh and lets not forget they want you to arrive a minimum of 15 minutes before you start time and stay for up to 15 minutes after your end time LL UNPAID…….

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