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Sarah Burton is set to leave Alexander McQueen after serving as creative director for 13 years, the brand has announced. Burton, 49, was appointed to the role in 2010 following the death of Lee Alexander McQueen, having worked alongside the designer for 14 years. She was responsible for the creation of the wedding dress worn by the Princess of Wales, when she married Prince William in 2011. “I am so proud of everything I’ve done and of my incredible team at Alexander McQueen,” Burton said in a statement. “They are my family, and this has been my home for the past 26 years. I want to thank Francois-Henri Pinault for believing in me and offering me this amazing opportunity.” The label’s spring/summer 2024 collection, due to be unveiled at Paris Fashion Week later this month, will be her last. “Above all, I want to thank Lee Alexander McQueen,” Burton continued. “He taught me so much and I am eternally grateful to him. “I am looking forward to the future and my next chapter, and will always carry this treasured time with me.” François-Henri Pinault, chairman and CEO of parent company Kering, said: “I am immensely grateful to Sarah, and I want to personally thank her for her work over the past two decades, first alongside Lee Alexander McQueen, where her role was instrumental to his success, and then as the Creative Director since 2010. “Through her own experience, sensitivity and talent, Sarah continued to evolve the artistic expression of this iconic house. She kept and continued Lee’s heritage, attention to detail and unique vision, while adding her own personal, highly creative touch.” Gianfilippo Testa, CEO of Alexander McQueen, added: “We would like to express our immense gratitude to Sarah for writing such an important chapter in the history of the Alexander McQueen House. “Sarah’s contribution over the past 26 years will leave an indelible mark.” A new creative organisation will be announced in due course, the brand have said. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Sarah Burton to leave Alexander McQueen after 13 years as creative director What happens at a sexual health check-up? 9 arthritis myths we all need to stop believing

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MARLBOROUGH, Mass.--(BUSINESS WIRE)--May 24, 2023--

It’s never too early to introduce money skills to children – but how should we be talking to young girls about finances? After all, the gender pay gap is no myth. Among full-time employees, the median hourly pay was 8.3% less for women than men in April 2022, according to the Office of National Statistics (ONS). It impacts pension saving too: a report published by the Institute for Fiscal Studies (IFS) earlier this year found that across all working-age people, women had average total annual pension contributions of £2,600, compared with £3,400 for men. Women are also less likely to invest. In a survey of 6000 UK adults in 2022, Boring Money estimated that only 40% of investors are women. Alexandra Loydon, director of partner engagement and consultancy at wealth management company St. James’s Place, points out that the “financial services industry has traditionally not targeted women”, adding that there is “an opportunity for the industry” to change this. There are also lots of systemic factors that form an important part of the picture, especially in terms of equal opportunities, pay and maternity/paternity leave. Alongside this though, how can parents and guardians help by talking to young girls about money? “We should be encouraging women to engage with their finances from a young age, and save more when they can and if they can. We should ensure that women take advice, put a plan in place, set goals and don’t touch their long-term savings to help build their wealth over time,” says Loydon. Zoe Brett, financial planner at EQ Investors, agrees that “financial literacy needs to start at school age”. Here are three key things to think about when talking to young girls about money… Encourage them to negotiate “We should be instilling and encouraging women to not be afraid to ask for pay rises and promotions. Statistically, women are more likely to not go for jobs if they do not meet all the requirements [compared with men],” says Loydon. So, how can you model this early? “If rewarding good report card or exam results, ask them to tell you how much or what that achievement is worth and why,” suggests Brett. “Or if paying pocket money, then ensure they are earning it with chores and do a pay review each year, where you ask them to make a case for a raise in pocket money.” Teach them basic money language Introducing them to money management concepts can be incorporated into family life. “We often see children’s chores as mowing the lawn or doing household duties, but how about implementing something more financially orientated, like helping with a weekly shopping budget?” suggests Brett. Done in a positive, age-appropriate way, this could help them become familiar and confident with some basic money language. “Being open and discussing finances during family dinners can also be helpful – children are naturally inquisitive and will likely ask questions or at least passively soak up information,” Brett adds. “For something more structured, there are online courses aimed at teens that teach money basics, or even just following a decent financial influencer on social media can be a great way to teach.” Encourage saving for things they want Saving is an important life skill and instilling this early can empower children with a sense of independence around personal finances and earning power. “If I wanted something, my mum would tell me to save up half the cost of it, and she would pay the other half. It taught me to only spend my money on things I truly wanted. If I wasted my money on sweets, then I simply couldn’t have that new toy I wanted,” Brett recalls of her own childhood. “I didn’t realise it at the time, but every time I put money into my savings account, my mum would double it. This lovingly sneaky little trick gave me an early lesson in compounding and made me want to save more, because I could see my savings growing, it was a real sense of achievement.” Of course, not all households will be able to do this, especially when living costs are stretched. But teaching girls how to save, however possible, is so useful. If you are in a position to do so, Brett suggests: “Open a savings account early on and give them autonomy for that account, with a little guidance along the way. Encourage them to put 25% of their pocket money, earnings, or birthday money into the savings account… Encourage is the optimal word here, enforcing it could lead to resentment and rebellion,” she adds. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live STI cases at record highs: 6 things everyone needs to know about sexually transmitted infections What’s wrong with my roses? Men’s Health Week: How to talk about sensitive or ’embarrassing’ health issues

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