john smith news and archive

Burberry’s Chief Operating Officer to step down

London - John Smith, Chief Operating Officer at luxury fashion house Burberry is set to exit his role. The heritage label announced on Friday that Smith has decided to leave Burberry in order “to pursue new interests.” Smith is set to leave the company and step down from the board by the summer of 2017, following a 7 year tenure. The...

Business

Burberry's Christopher Bailey received 75 percent pay cut

London - Christopher Bailey, creative head and CEO of luxury fashion house Burberry, took an extraordinary pay cut of 75 percent for its fiscal year 2016, which say his total pay drop from 7.51 million to 1.89 million pounds. Although Bailey's salary has remained approximately the same as a year before, sitting at 1.1 million pounds, the CEO's...