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Article: FORD, DE SOLE: SOME FOR THE ROAD.(Tom Ford)(Domenico De Sole)
- Article from:
- WWD
- Article date:
- April 15, 2004
- Author:
CopyrightCOPYRIGHT 2004 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MILAN -- Tom Ford and Domenico De Sole might be leaving Gucci Group in a little more than two weeks, but they'll still get some perks after they go.
A filing with the Securities and Exchange Commission detailing the specifics of Pinault-Printemps-Redoute's tender offer for Gucci also provides some insight into the termination agreements for Ford, as well as departing Gucci president and chief executive officer De Sole.
Gucci will "continue to pay for certain automobile and airplane leasing costs" for Ford through June 22, according to the document. Both men have contracts ending May 1. As for De Sole, he and his wife will get free health coverage for ...