Despite only launching The Hut Group onto the stock market in September, it's share prices skyrocketed, earning Moulding his record-busting payout. Last year, staff at the Manchester-based The Hut Group shared a massive £21million share windfall between them. Several workers became multi-millionaires as a result of the company's share buy back scheme, which is open to staff, says Moulding. Employees at The Hut Group had been awarded more than a fifth of the company's share capital since it was founded in 2004. "The equity scheme was put in place when THG was a private company, and we are delighted that over 200 THG staff have already shared in the scheme, worth around £200million today."

Source: Daily Mirror November 24, 2020 11:29 UTC