Luxury brands give charitably in the holidays
The CEO of UK luxury leathergoods company Burberry, Angela Ahrendts, has raised £574,000 for charity after donating 50,000 of her shares in the luxury label to the Ahrendts-Couch Foundation - a non-profit charitable company, of which Ms Ahrendts is director but not a beneficiary.
The trust sold the each share for £11.48, the results of which were then released in a statement to the London Stock Exchange on 16 December.
Italy-based Gucci has donated $1.15 million to the UNICEF Schools for Africa initiative, which aims to improve the level of education in Africa.
“Ever since we first worked with UNICEF in 2005, it has been inspiring to lead this partnership and ensure its growth over the years,” said Gucci creative director Frida Giannini. “Now, we are proud to extend Gucci’s commitment to UNICEF by making a further $1.15 million contribution to the many children they serve.
“When I visited Malawi in November 2009, I saw the difficult situation children face in sub-Saharan Africa where every third child doesn’t get the chance to go to school. I saw that UNICEF’s Schools for Africa initiative is successfully giving more children access to a good education, providing a start in life that so many of us take for granted. Through our commitment, we hope to help these children who may otherwise not have the chance to go to school.”
