Boss cuts own pay

Superdry’s co-founder has sold nearly £18million worth of shares in the trendy fashion firm to settle a tax bill.

The bulk of that is linked to the near £50m of shares Julian Dunkerton flogged in 2016 to fund his divorce.

Dunkerton, 52, the firm’s product and brand director, still owns a £370m holding in Superdry at yesterday’s share price. EasyJet’s new boss has cut his own salary after the airline was hit by a gender pay row.

Chief Executive Officer Johan Lundgren’s basic pay will fall by £34,000 to £706,000 a year to match what his predecessor Carolyn McCall was paid.

EasyJet previously defended Lundgren’s pay, saying he was already on less than the near £770,000 a year he was getting at holiday giant Tui.

But the firm has admitted there is a near 52% gap between male and female pay among its staff. EasyJet insists it’s tackling the problem, mainly linked to a chronic shortage of women pilots.

Lundgren, who replaced McCall last month after she was poached by ITV, said: “We are absolutely committed to giving equal pay and equal opportunity for both women and men.

“I want that to apply to everybody at easyJet. And to show my personal commitment, I have asked the board to reduce my pay.”

Lundgren is already sitting on a £34,000plus paper profit from easyJet shares he bought last month.

The firm behind 1990s fashion phenomenon Joe Bloggs has collapsed. Sixty staff have lost their jobs after the Manchester-based Juice Corporation went into administration.

Joe Bloggs, founded by market trader Shami Ahmed, produced ranges for celebrities including boxer Prince Naseem Hamed and cricketer Brian Lara in its heyday.