fashion-scoops
fashion-scoops

Patriotic Thread... Lagerfeld Gets Around... Belloni Cashes In...

Fashion houses, from Alberta Ferretti to Missoni, help celebrate the 150th birthday of Italy's flag by redesigning it.

View Slideshow

CASHING IN: Antonio Belloni, managing director of LVMH Moët Hennessy Louis Vuitton, recently pocketed 17.6 million euros, or $24.7 million at current exchange rates, by cashing in stock options. Belloni exercised 250,000 options on Oct. 25 for a purchase price of nearly 10.5 million euros ($14.7 million), and sold the entirety the same day for a total of 28.1 million euros ($39.4 million), or 112.35 euros a share, according to filings with the Autorité des Marchés Financiers, France’s market regulator.

Belloni is LVMH’s highest-paid executive and will earn 3.2 million euros ($4.4 million) in salary and 2.2 million euros ($3 million) in performance-related bonuses this year, according to company documents.

Another of the company’s directors, Patrick Houël, exercised 30,000 stock options for 1.7 million euros, or $2.4 million, also on Oct. 25. He sold some 8,300 shares on the same day for a total of nearly 1.1 million euros ($1.5 million).

View Slideshow
Page:  « Previous Next »
VIEW ARTICLE IN ONE PAGE
load comments

ADD A COMMENT

Sign in using your Facebook or Twitter account, or simply type your comment below as a guest by entering your email and name. Your email address will not be shared. Please note that WWD reserves the right to remove profane, distasteful or otherwise inappropriate language.
News from WWD
Newsletters

Sign upSign up for WWD and FN newsletters to receive daily headlines, breaking news alerts and weekly industry wrap-ups.

LatestPublications
getIsArchiveOnly= hasAccess=false hasArchiveAccess=false