Burberry Replaces CEO Amid Profit Warnings and Stock Plunge
TL;DR Summary
Burberry has appointed Joshua Schulman as its new CEO, replacing Jonathan Akeroyd. Schulman, with a strong background in luxury fashion and retail, aims to drive global growth and reposition Burberry at the higher end of the market. He previously held leadership roles at Michael Kors, Coach, and Jimmy Choo. Schulman will start on July 17, working closely with Burberry's creative director Daniel Lee to enhance the brand's luxury appeal and profitability.
- Joshua Schulman Named CEO of Burberry, Replacing Jonathan Akeroyd WWD
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- Burberry Stock Sinks. Is the Problem Its CEO or the Luxury Consumer? Barron's
- Burberry shares drop 16% after the luxury giant issues profit warning and replaces CEO CNBC
- Burberry Boss Pays Price For Poor Performance As New CEO Announced Forbes
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