The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
NEW YORK, United States — Wal-Mart Stores Inc. executive Marc Lore reaped an astronomical $243.9 million in compensation last year, fuelled by shares he received as part of the sale of his company to the retail giant.
The package included restricted stock worth $236.3 million, which came as part of the buyout of his company, Jet.com, according to a regulatory filing Thursday. Those shares will vest monthly through September 2021. He also received about $7.55 million in salary, stock awards and perks.
The compensation puts Lore well ahead of his boss, Walmart chief executive officer Doug McMillon, and vaults him into the ranks of America’s top-paid executives.
McMillon got a $22.4 million pay package, up from $19.8 million in the prior year.
From analysis of the global fashion and beauty industries to career and personal advice, BoF’s founder and CEO, Imran Amed, will be answering your questions on Sunday, February 18, 2024 during London Fashion Week.
The State of Fashion 2024 breaks down the 10 themes that will define the industry in the year ahead.
Imran Amed reviews the most important fashion stories of the year and shares his predictions on what this means for the industry in 2024.
After three days of inspiring talks, guests closed out BoF’s gathering for big thinkers with a black tie gala followed by an intimate performance from Rita Ora — guest starring Billy Porter.