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...“They’re not just doing that because it is the right thing to do,” says Finn AI’s Ms Cartwright, “that is how you build a resilient financial institution. You build up the trust.”...
...Another case, which is being crowdfunded, has been brought by Bindmans on behalf of Grahame Pigney, a British citizen living in France whose fellow claimants include Paul Cartwright, 50, who is a Gibraltarian...
...So was Stacey Cartwright, the finance director who left after it became clear Mr Bailey, the understated chief designer, was Ms Ahrendts’ anointed successor....
...After all, Ms Cartwright’s appointment underscores two important trends in the fashion industry: first, the action in the department store world, where the fight for consumer attention and wallets is escalating...
...Turnover at Burberry increased from £676m when Ms Cartwright joined in 2004 to £2bn when she left in 2013....
...Ms Cartwright’s revamp includes a fresh brand assortment, a Harvey Nichols in-house label, and an expansionist drive overseas....
...Burberry said Ms Cartwright did not receive a pay-off. Ms Cartwright exercised 135,000 shares worth £1.64m in July 2012. The company said all her outstanding share awards would lapse when she left....
...If Ms Cartwright did end up at HN, it would mark the second high-profile female executive retail appointment, following Richard Baker’s poaching of Marigay McKee, formerly CMO of Harrods, to be president...
...Ms Bravo was popular in the rag trade, less so in the City. Though fashionably late for analysts’ presentations, Ms Ahrendts kept both constituencies purring....
...life after Ms Ahrendts....
...One long-term Burberry watcher said the company would be “much weakened” with the departure of both well-regarded finance director Stacey Cartwright earlier this year, and now Ms Ahrendts....
...Ms Bravo was popular in the rag trade, less so in the City. Although fashionably late for presentations, Ms Ahrendts kept both constituencies purring....
...Ms Cartwright, who was well-respected in the City, was integral to the company’s success during Ms Ahrendts’ tenure and shares fell nearly 7 per cent when her departure was announced....
...Burberry said Ms Cartwright was stepping down “in order to pursue new interests”, but declined to elaborate....
...Ms Cartwright was always likely to quit as CFO once the COO was appointed, since the role would take in much of her current job....
...Ms Cartwright, who has announced that she will leave the company this summer after nine years, said that she would take some time off before looking for a “consumer-facing” chief executive role from 2014...
...“We’re very pleased with third quarter – we’ve been wanting to push retail-led growth and that’s been coming across very nicely for us,” said Ms Cartwright....
...Ms Ahrendts said the luxury sector was experiencing a broad-based slowdown in growth across all regions....
...However, Ms Cartwright denied this was damaging demand for its more accessible luxury products....
...“China is a significant contributor to the decline,” Ms Cartwright said, but she added that this was not just “a China issue”....
...“Of course China is a contributor [to the decline],” says Ms Cartwright....
...Ms Cartwright denied that Burberry risked disenfranchising customers in developed markets....
...Looking ahead, Ms Cartwright said that the pending Chinese New Year was increasingly important to the company’s performance, and added it was in line to meet a full-year profit-before-tax figure of £375m...
...Ms Cartwright said the “travelling luxury consumer” was now driving the majority of sales revenues....
...Cartwright & Sons, Edward Billington & Sons, Wates Group....
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