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Article: It's brava and final curtain for Bravo Can Burberry prosper after the departure of the woman who revived its fortunes? James Hall investigates
- Article from:
- The Sunday Telegraph London
- Article date:
- October 9, 2005
- Author:
CopyrightCopyright 2005 The Sunday Telegraph London. Provided by ProQuest LLC. (Hide copyright information)
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Earlier this year Rose Marie Bravo, the 54-year-old chief
executive of Burberry, the luxury goods brand, was named by Forbes
magazine as the 63rd most powerful woman in the world, ahead of both
the Queen and Louise Frchette, the deputy secretary-general of the
United Nations.
It is little wonder, then, that shares in Burberry fell 6 per cent
in two days - wiping pounds 90m off the company's valuation - when
it was revealed that Bravo is likely to step down next year.
Bravo, who earned pounds 2.2m last year and will leave the
company with 2.5m shares worth a further pounds 10m, has transformed
Burberry from a dowdy manufacturer of classic but dull raincoats into