All articles tagged with #joshua schulman
Burberry has replaced its CEO, Jonathan Akeroyd, with Joshua Schulman amid disappointing financial results and a significant downturn in the luxury market. The company reported a more than 20% drop in revenue for the latest quarter, suspended its dividend, and warned of potential operating losses. Burberry's shares fell 15% following the announcement.
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.