Burberry's New Chief Executive Joshua Schulman Navigates Company Through Sales Downturn

Tuesday, 16 July 2024, 01:30

Burberry has named Joshua Schulman, formerly from Michael Kors and Coach, as its new CEO amidst a 21% drop in sales. The luxury fashion house anticipates an operating loss in the first half of the year due to declining sales. Schulman's appointment signals a new phase for Burberry as it tackles these challenges.
Independent
Burberry's New Chief Executive Joshua Schulman Navigates Company Through Sales Downturn

Burberry Hires Joshua Schulman as CEO

British luxury brand Burberry has announced the recruitment of Joshua Schulman to steer the company as its chief executive officer. Schulman, with experience at Michael Kors and Coach, brings fresh leadership to Burberry.

Sales Decline by 21%

In the wake of falling sales, Burberry faces the possibility of an operating loss in the first half of the year. The luxury fashion house aims to navigate these challenges under Schulman's leadership.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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