08 jun: KORR: Shipping: Baltic Dry-indekset stiger med 0,6 pct
08 jun: EU/Obama: Europa har kapacitet til at løse krisen
08-06-2012 16:51:00

Burberry Chief Set For GBP3.7 Million Package As Other Retailers Cut Payouts

Relateret indhold

--Angela Ahrendts receives GBP2M bonus after "outstanding" year for Burberry

--Award follows falling annual payments for chiefs at M&S, Sainsbury

--Tesco boss had previously waived bonus

By Peter Evans

LONDON--Burberry PLC's (BRBY.LN) Chief Executive Angela Ahrendts will receive a pay and bonus package of GBP3.7 million ($5.7 million) for fiscal 2012, up 4.7% from the previous year, after exceeding profit targets, the luxury retailer said Friday, putting it out of kilter with other major U.K. retailers which have this week reduced payouts for top executives.

Ms. Ahrendts will be paid a bonus of GBP1.98 million, the same amount as last year, on top of a base salary of GBP990,000. She will also receive pension payments and other benefits totalling GBP718,000.

The payment reflects an "outstanding performance" and "exceptional shareholder returns," Burberry said in its annual report.

Burberry delivered a 26% net profit increase for the year to March 31 on revenue 24% higher at GBP1.86 billion. The company, famed for its fashion trench coats and plaid-patterned accessories, has been at the forefront of a worldwide surge in demand for luxury goods in recent years, led by China.

Other U.K. retailers have struggled as torrid economic conditions at home and in Europe and low consumer confidence have eaten into profits. In such a climate, some companies have reduced executive bonuses, especially in the wake of a recent series of shareholder revolts in other sectors over the perception of excessive boardroom pay at underperforming companies.

Marks & Spencer Group PLC (MKS.LN) said Thursday its chief executive Marc Bolland would receive a total pay and bonus package of GBP2.5 million, down from GBP4.9 million a year earlier--although a significant proportion of the previous year's payment came as part of a signing on agreement. Full-year pretax profit at M&S fell 1%, but Mr. Bolland qualified for a GBP664,000 bonus in cash and shares for hitting internal targets.

Also Thursday, grocer J Sainsbury PLC (SBRY.LN) announced its CEO Justin King would see his total pay fall 9% to GBP3.4 million, even as the supermarket reported an increase in profit. Mr. King failed to hit internal sales targets, Sainsbury said in its annual report.

Last month, Tesco PLC (TSCO.LN) head Philip Clarke waived his GBP372,000 bonus and his compensation was cut almost in half, following a lackluster performance by the U.K.'s biggest retailer, and Andrew Moss, chief executive of U.K. insurance group Aviva PLC (AV.LN), announced his resignation after shareholders rejected a proposed GBP2.69 million pay packet. The chief executives of AstraZeneca PLC (AZN.LN) and Trinity Mirror (TNI.LN) also quit after investors challenged their pay.

Write to Peter Evans at peter.evans@dowjones.com

(END) Dow Jones Newswires

June 08, 2012 10:51 ET (14:51 GMT)

Copyright (c) 2012 Dow Jones & Company, Inc.

Opret kommentar

Relateret debat

  • 1 uge
  • 1 måned
  • 1 År
Ingen indlæg


Aktier/åbning: Mærsk hiver C20 op på tung regnskabsmorgen- KORR

04-05-2016 09:31:23
KORR: Overskrift rettet til "åbning"En sand regnskabsstorm ramte investorerne fra morgenstunden, hvor blandt andet A.P. Møller-Mærsk, TDC, ISS, GN Store Nord, N..

Mærsk Q1: Tilbagegang mindre end frygtet

04-05-2016 08:19:18
Tilbagegangen i A.P. Møller-Mærsk var i årets første kvartal mindre, end analytikerne havde spået.Årets indledende tre måneder bød på en tilbagegang i omsætning..

NNIT bygger nyt datacenter efter ordre fra Danske Bank

03-05-2016 16:00:20
NNIT har indgået en tiårige aftale med Danske Bank og bygger et nyt datacenter i Ejby.Det fortæller it-selskabet, der er en del af Novo Nordisk-familien, i en f..

Mest læste nyheder

  • 24 timer
  • 48 timer
  • 1 uge
Aktier/tendens: Mærsk vejer tungt på vild regnskabsdag
NNIT bygger nyt datacenter efter ordre fra Danske Bank
Bookmaker: Størst sandsynlighed for Bang & Olufsen-salg i 2017
Tirsdagens aktier: Coloplast undgik skuffelse på ellers rød dag
Aktier/åbning: Mærsk hiver C20 op på tung regnskabsmorgen- KORR

Relaterede aktiekurser

Tesco PLC 163,90 -3,2% Fald i aktiekurs
SAINSBURY(J) ORD 28 4/7P 272,60 -4,6% Fald i aktiekurs
Aviva PLC ORD 25P 434,70 0,6% Stigning i aktiekurs
Marks & Spencer Group PL.. 413,00 -1,7% Fald i aktiekurs
Astrazeneca PLC ORD SHS .. 3.837,50 -1,9% Fald i aktiekurs
Burberry Group PLC 1.173,00 -1,0% Fald i aktiekurs
Astrazeneca PLC 28,92 0,0% Aktiekurs uændret
Trinity Mirror PLC 111,75 0,2% Stigning i aktiekurs
Aviva PLC 12,66 0,0% Aktiekurs uændret
AstraZeneca PLC 457,40 -1,3% Fald i aktiekurs

Køb- og salgsanbefalinger

  • Trend
  • Pengemaskinen

Copyright Euroinvestor A/S 2016  Disclaimer Privatlivspolitik
Aktieinformation leveres af Interactive Data.
Data er forsinket 15-20 minutter iht. de enkelte børsers regler om videredistribution.
4. maj 2016 13:40:10
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20160502.2 - EUROWEB1 - 2016-05-04 13:40:10 - 2016-05-04 13:40:10 - 1 - Website: OKAY

Når du besøger Euroinvestor.dk accepterer du, at der anvendes cookies, som vi og vores samarbejdspartnere benytter til funktionalitet, statistik og markedsføring. Læs mere om cookies på Euroinvestor.dk her