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Burberry Chief Gets GBP 5.74 m

By FashionUnited

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Rose Marie Bravo, chief executive at luxury goods group Burberry took home GBP 5.74m in payments last year. That makes her one of Britain's best paid women.

Bravo was entitled to an additional 100 per cent of her $1.5m basic salary in bonuses based on performance, but missed targets and made $1.3m instead.

Burberry has said the company beat market expectations for the year to March 31, but its internal operating profit targets were tougher, accounting for the bonus shortfall.

Burberry performed well last year, but trading has been affected by the Iraq war and the impact of the Sars virus in east Asia.

Ms Bravo joined Burberry five years ago from Saks Fifth Avenue. She has since rejuvenated Burberry as a luxury brand and was granted a 1 per cent holding in the company.