Burberry ended its dismal week in the red amid fears that further profit warnings could be down the road. Shares in Burberry – now on its fourth boss in ten years – slumped 7.2 per cent, or 54.4p, to 697.6p. That took losses for the week to more than a fifth – its worst performance since November 2008, when shares …
LONDON — British luxury fashion house Burberry said Monday it has appointed Joshua Schulman, formerly head of Michael Kors and Coach, as its new chief executive officer as the company warned it expected to record an operating loss in the first half of the year amid slumping retail sales. Burberry said Schulman, 52, replaces Jonathan Akeroyd, who would step down …
New Burberry Group’s chief executive officer Jonathan Akeroyd and its highly regarded creative director Daniel Lee have an opportunity to create a British rival to France’s LVMH Moet Hennessy Louis Vuitton SE in the global market for luxury products. Akeroyd wants to broadly double sales of leather goods, shoes and women’s clothing and expand outerwear sales by 50% in the …
