£10m for woman who saved Burberry

An American woman who has helped turn around the fortunes of fashion label Burberry, is to receive a £10 million package.

Rose Marie Bravo will become one of Britain's highest-paid chief executives after she picks up her bonus in shares and options when the company floats on the stock market next month.

Burberry, whose trademark red, beige, black and white checks are often seen on the rich and famous, said the payment to the 51-yearold, is "worth every penny".

A Burberry spokesman said: "She has made a tired and stale brand into something remarkable."

Mrs Bravo, who is said to be paid £1million a year, arrived at the company in 1997. Since then Burberry's value has increased from £200million to around £1.5 billion. Latest results show a 30 per cent increase over the last year.