Condé Nast chief Nicholas Coleridge enjoys pay increase to £1.3m as UK profits almost double
Condé Nast's UK managing director Nicholas Coleridge saw his pay soar 38 per cent to £1.3m last year as profits at the company's British arm almost doubled.
The publisher of titles including Vogue, GQ and Tatler saw reported pre-tax profits increase from £8.78m to £16.55m last year.
The strong performance saw Coleridge, who is also president of Condé Nast International, enjoy a pay boost from £931,900 to £1.29m, according to the Guardian.
It reports that Condé Nast has attributed its growth to the performance of its digital business and increased revenue from its College of Fashion and Design which opened in April 2013.