English beauty Sienna Miller has inspired girls worldwide with her bohemian-cool style. Whether she's hitting the streets of NYC or attending the Glastonbury music festival, Sienna stays true to her effortless hippie-chic ways in leopard prints, furry textures, moto boots, and statement earrings. Shop our inspired editors' picks featuring similar and exact pieces from Sienna's closet with brands like Matthew Williamson, Burberry, Isabel Marant, and Chloé.
Angela Ahrendts, who's leaving her post as CEO of Burberry for a new job at Apple, is currently the highest paid executive in Britain. And that distinction has us wondering what will happen to Christopher Bailey's salary when he takes over her position next year.
Ahrendts was paid just under $27 million in 2012, including $19 million in the company's stock, according to The Independent. When she joined the company in 2005, she negotiated an initial pay package of $27.3 million — but that was paid out over her first three years.
She's set to make another $10.8 million in salary before she hands Bailey the reins next year, and that's before she's awarded any stock.
Bailey's current salary as chief creative officer is undisclosed — not even British GQ could get that figure — but it stands to reason that because he's taking on two very important roles, he'll eventually be making even more than Ahrendts."Christopher has always been the board's preferred successor, and there was no doubt in the board's mind that Christopher is the right person to unlock the next phase of Burberry growth," said the brand's CFO Carol Fairweather in an earnings call this week.
Although he has the full backing of the company, Bailey's appointment has caused a bit of a stir in the financial market. According to WWD, Burberry's stock price fell 8.8 percent on the London Stock Exchange after Tuesday's announcement, and some analysts question his ability to be a good CEO.
Running both the business and creative sides of a fashion house is a bit of an anomaly. Coco Chanel was her own CEO, and the few people who do it now are living legends like Giorgio Armani and Ralph Lauren. (Lauren's total compensation for 2012 was over $66 million, according to Forbes.) But we believe Bailey has the talent and support to do both jobs — and to earn a salary befitting someone doing so much work.
Angela Ahrendts, Burberry's CEO of eight years, is leaving the brand — and the company didn't have to look far for her replacement. Christopher Bailey, the company's chief creative officer, will take over Ahrendts's role when she leaves the British clothier next year.
In true Burberry style, the company made the announcement with a video on its press site. In it, Bailey says he's excited to marry his job "with the commerce side of our business to become even more united as we thrust ourselves into this next decade." Bailey will be one of a handful of designers in chief executive positions, alongside Ralph Lauren and Giorgio Armani.
"The future for this company with Christopher at the helm, leading, dreaming, and this senior management in place — I have such peace being able to exit stage left at this point," she said.
Ahrendts will join Apple in the newly created position of senior vice president, and she'll be in charge of its retail and online stores. It's not the first time she's worked with the brand. Burberry used the new iPhone 5s to film its Spring 2014 show in September.
She's also not the first fashion executive to join Apple's team. In July, the brand hired Saint Laurent CEO Paul Deneve as a vice president to work on special projects in July.
Wendy Rowe led the beauty team backstage at Burberry Prorsum, creating a pretty pink look on models including Cara Delevingne and Jourdan Dunn. The beauty look introduced not only new Spring shades from Burberry Beauty, but also a special-edition set of nail colors inspired by the show. You can buy all the shades right now — Pale Grape, Sage Green, Rose Pink, Mink, Pale Yellow, and Dusky Mauve — in a limited-edition gift box ($126).
As for the face, it was all about making the petal pinks look modern and not too twee. Soft pinks on the eyes and the nude pink lipstick Trench Kiss (out for Spring) did this perfectly, coupled with simple but slightly messy straight hair with a lived-in kink; many of the models had grown-out bobs, and those who didn't wore their longer lengths tucked into their trench coats where possible. Be sure to check out our runway retrospective of Burberry beauty.
Just because you're not at London Fashion Week doesn't mean you can't watch the runways as they happen. No label proved that to be the case more than Burberry, which reinforced its tech savvy by partnering with Apple to capture its Spring 2014 show on the new iPhone 5s. The models are about to walk, so keep your eyes here to see the designs as they hit the catwalk!