Burberry boss Julie Brown loses her clothing and car perks but gains a £30k ‘cash allowance’
Perks pulled: Burberry’s finance chief Julie Brown
Burberry’s finance chief Julie Brown has had her clothing allowance axed.
It is the first time in ten years none of the top executives at the luxury fashion firm were handed the generous allowance, worth £15,000 last year, for designer items such as the signature trench coats.
But Brown and chief executive Marco Gobbetti still received £110,000 in cash allowances on top of a combined £6million in pay last year.
Despite the clothing allowance being removed, her total benefits have not been reduced, just renamed.
Brown, 57, who also lost her £15,000 car allowance, was instead awarded a £30,000 ‘cash allowance’ to spend on anything she wants.
A sweatshirt from the new Monogram collection, modelled by Gigi Hadid, costs £650.
Trench coats cost up to £5,600. Burberry declined to comment yesterday.