Boden Executives Get £9.8 million Bonus

The founder of Boden will get the lions share of s £9.8 million dividend payment after a jump in profit at the business.

Sales in the year to December increased 8 per cent to £265 million following success overseas in countries such as the US and Germany/ Profit rose by a third to £24.3 million.

Founder Johnnie Boden is expected to get the majority of the dividend while other executives including chief executive Julian Glanville will receive a share.

Glanville said there was potential to capitalise on the brand's 'uplifting British values' abroad. He said: 'The British consumer is squeezed, fundamentally. But there is beginning to be a sense of optimism about a gradual improvement in the economy,' the Sunday Times said.