Burberry’s CEO Needs to Show His Cards: Solca

Your next video will start in

Recommended Videos

  • Info

  • Comments


July 10 (Bloomberg) -- Exane BNP Paribas Managing Director of Global Luxury Goods Luca Giuseppe Solca discusses luxury retailer Burberry and their CEO bonus controversy. He speaks with Guy Johnson on Bloomberg Television’s “On The Move.” (Source: Bloomberg)


Let's continue in geneva.

We are joined now by the managing director of the global luxury goods division.

Good morning.


The numbers we are seeing this morning, presumably, there is a bit of a hangover from the air out.

Is this a true reflection of the skill set?

I think the numbers we are seeing today are certainly the results of a number of initiatives and a strategy that has been rolled out over the course of the past 5-10 years.

Bravo and mr.

Christopher bailey.

This has been a continuing effort and we are certainly seeing the results of that today and not being creative in this.

Do you anticipate seeing more of the same?

Or, do you think he will get creative.

-- creative?

Do you think we will see more of the same?

Or, do you think we will change the trajectory of the business?

So far, we are seeing the same and the communication from the company is business as usual.

We have a strategy that will continue to execute against an the only difference from what was announced before was the black and blue licensing agreement in japan that i thought was a pragmatic way to get the business there created.

I think that my view is that a lot of investors are keen to see christopher come to the market and announced his vision for the brand.

You see what i mean?


Let's talk about whether he is worth it or not.

I made the point.

You get a ceo and a creative director.


It will be busy.

That is for sure.

Can you -- in terms of -- do you think he is worth it?

Do you think he is worth 10 million, compared to others?

Do you think he is worth it?

I think it is a matter of debate and a matter for them to take a view on that.

The shareholder value creation could be in the hundreds of millions and would justify an investment like that.

In our previous research, we had noted that the ceo paid above most of the other luxury goods.

That was a couple of years ago and that was second only to the ceo pay and marginally.

The luxury paris and europe --

This text has been automatically generated. It may not be 100% accurate.


BTV Channel Finder


ZIP is required for U.S. locations

Bloomberg Television in   change