The 20 European executives of public fashion and apparel companies with the highest remuneration packages.
Bernard Arnault still ranks as the richest man in France — and in fashion — with a net worth of about $7 billion, even though his take-home pay was a relatively paltry 1.42 million euros. As far as working stiffs, Rose Marie Bravo, ceo of Burberry, broke through the fashion industry’s silk ceiling to top the European executive compensation list this year, earning $9.2 million in 2002. She surpasses Tom Will-He-Stay-Or-Will-He-Go Ford, the handsomely-paid Gucci creative director who has the industry holding its collective breath waiting for a decision on whether he’ll remain at the firm once his contract expires next year. Meanwhile, the salaries of Luigi Francavilla, vice president of Luxottica and Francesco Chemello demonstrate the hazards of playing Russian roulette with bonuses. In 2001, they each received a 14 million euro bonus, which put them at the top of the list. Last year, Francavilla’s salary was a modest 796,352 euros. Chemello didn’t even make the list. (See related story, Europeans Behind U.S. in Exec Compensation.)
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)