Burberry replaces CEO after 'disappointing' results

By Agence France-Presse

Jul 16, 2024 12:07 am

LONDON ― British fashion label Burberry on Monday announced the immediate departure of chief executive Jonathan Akeroyd as it posted 'disappointing' results with the luxury sector pressured by weak Chinese demand.

Schulman, who officially joined the group on Wednesday, said he looked 'forward to working alongside (creative director) Daniel Lee and the talented teams to drive global growth, delight our customers, and write the next chapter of the Burberry story.'

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