Burberry's Strategic Change and New Leadership under CEO Schulman
Monday, 15 July 2024, 06:24
Burberry Appoints New CEO Amid Profit Warning
British luxury brand Burberry has named Joshua Schulman as its new chief executive officer, replacing Jonathan Akeroyd.
Strategic Shift and Dividend Cancellation
In a surprising move, Burberry announced a profit warning and the scrapping of its dividend, indicating a major change in direction.
- Jonathan Akeroyd ousted after two years
- Significant strategic changes underway
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