• Text size      
  • Send this article to a friend
  • Print this article

Burberry boss cashes in shares

BURBERRY chief executive Christopher Bailey has cashed in £5.2 million worth of shares just weeks after suffering a bloody nose over his pay package at the hands of shareholders.

Mr Bailey, previously chief creative officer at the luxury goods group, sold 285,451 shares he received under two different schemes dating back to before he replaced former boss Angela Ahrendts in May.

Separately, he also sold a further 68,667 shares. It means Mr Bailey's holding in the company has been reduced to 303,110 shares, worth around £4.4 million.

Burberry last month suffered a shareholder rebellion over his pay, with 52.7 per cent voting against the company's remuneration report which included proposals for a £7.2m golden hello for the 43-year-old Mr Bailey.

Contextual targeting label: 

Commenting & Moderation

We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis.
If you're a relatively new user then your comments will be reviewed before publication and if we know you well and trust you then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules

Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.