share

Christopher Bailey sells his Burberry shares

CEO of Burberry cashes in thousands of shares for £5.2 million

By Andrea Tim | Published: 25 Aug 2014

Burberry's shares
Photo: Stuart C. Wilson/Getty Images

Christopher Bailey has only been CEO of Burberry for four months, but he is already £5.2 million richer, having sold 68,667 of his shares with the company.

"Christopher Bailey has exercised the option on a number of shares that he was awarded during his time as chief creative officer," Burberry said in a statement. "As part of this process the number of Burberry shares he actually owns has increased. There are only certain times of the year when board members of a public company can sell shares which is why he is doing this now."

The former Donna Karan designer now has 303,110 shares worth £4.4 million in his name. He took over the post as Burberry's CEO from Angela Ahrendts when the latter left to join Apple in May 2014. Christopher is being considered to receive a performance-related award of shares worth £7.6 million – on top of his £1m salary and possible £2 million annual bonus. He is reportedly also to receive share awards worth £20 million starting next year.

Related: Burberry announces skincare line
Related: Cara Delevingne, Suki Waterhouse and Malaika Firth in Burberry AW14 campaign


Most Popular

Advertisement

MORE, MORE, MORE

Who Melania Wears

Who Melania Wears

The two fashion icons might be designing Inauguration Day looks for the future First Lady

LV AW17 men's

LV AW17 men's

Watch the Louis Vuitton menswear Autumn Winter 2017 show live from Paris Fashion Week

Nov 2016 Winners

Nov 2016 Winners

See if you were one of the lucky winners of our Kérastase and CRES giveaways

ELLE Instagram
Dec 2016 winners

Dec 2016 winners

Were you one of the lucky few to score our massive Christmas giveaway?

No Versace Couture

No Versace Couture

The brand bids goodbye to Couture Week as it takes the "opportunity to try something new"

Advertisement
Tory Burch Resort 17

Tory Burch Resort 17

Channel beachside chic in Burch's latest release of relaxed silhouettes, fun prints and boho accessories

ELLE Instagram