Thursday July 9, 2020

Burberry under fire over pay

14th June, 2015
Burberry boss Christopher Balley is under pressure over his £8m pay packet

The company is seeing demand weakened in Hong Kong and the US. Burberry has said its profits for the current year are likely to be £40 million lower than expected and would also be impacted by foreign exchange volatility. The British company has been hit by a rise in the strength of sterling in relation to other currencies.

But it’s the pay packet of Bailey, who earned £8 million last year, that is coming under...

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