Women’s Wear Daily
04.16.2014
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fashion-scoops

Seven Up... Payday for Angela Ahrendts... W's Fashion Fix...

Seven For All Mankind has teamed with photographer Mika Ninagawa to produce a colorful capsule collection.

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PAYDAY FOR ANGELA AHRENDTS: Burberry chief executive officer Angela Ahrendts this week cashed in some of her shares in the company — to the tune of 3.4 million pounds, or $5.3 million at current exchange. A Burberry spokesman confirmed that Ahrendts sold about 400,000 shares priced between 8.56 pounds, or $13.44, and 8.65 pounds, or $13.58, and paid 814,000 pounds, or $1.28 million, in taxes on the gain. She still owns about 364,000 shares — and that’s not even counting her stock options and future share awards. The spokesman said Ahrendts’ move was: “A routine personal decision,” and declined further comment.

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