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Burberry boss Ahrendts to pocket £12m

By Daily Mail Reporter
Updated: 03:08 EDT, 23 May 2011

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The belt-tightening taking place elsewhere in the economy does not appear to have affected luxury fashions, which are going through a boom period.

Angela Ahrendts: Luxury goods in high demand

Burberry chief executive Angela Ahrendts is in line for a £12m pay and bonus package, thanks to strong demand for her pricey wares.

The group is expected to announce a 40% profit rise to £300m this week.

And women's love of stilettos has proved lucrative for Tamara Mellon, whose 17% stake in the Jimmy Choo brand she founded was valued at £85m in a takeover by luxury goods group Labelux last night.

She will reinvest in Labelux and continue as chief creative officer.

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