• Home
  • V1
  • Design
  • Mulberry management given payout in shares

Mulberry management given payout in shares

By FashionUnited

loading...

Scroll down to read more

British leather goods and accessory-makers Mulberry

has awarded its senior management team almost 2 million in shares as part of a long-term incentive scheme.

Mulberry has issued 171,500 shares to the management, including shares worth 580,000 pounds to Chief Executive Bruno Guillon. The awards are likely to ruffle the feathers of some of Mulberry shareholders, reported the Telegraph.

The new incentive programme has been introduced because Mr Guillon’s previous awards effectively became worthless as the targets were based on the company’s share price, which subsequently slumped.
Mulberry