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The Latest Breaking News from Jonathan Akeroyd

Realism arrives at Burberry after fashion (and share buyback) mistakes

After stunning collapse in profits, chief executive aims to ‘course correct’ and ‘celebrate heritage’

The Guardian - UK

Will Burberry become a long-term victim of luxury downturn?

Burberry was the second-biggest faller in Kantar’s BrandZ ranking of brand value among 75 U.K. companies.

Fortune

Troubled Burberry Exits London's Top-tier Shares Index

British luxury fashion label Burberry is set to exit London's FTSE 100 after 15 years at the top-tier index, the stock exchange announced Wednesday, as analysts cited strategic mistakes and weak demand from China.

International Business Times

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Can Burberry fix its tattered image after chequered patch?

The fashion brand is set to leave the FTSE 100 after a rapid fall in value and status, but some think it can rise again

The Guardian - UK

It’s one of Britain’s most iconic fashion brands – but can Burberry weather this storm?

As Burberry faces turmoil, Katie Rosseinsky looks back at the British brand’s chequered history and asks how it can turn its fortunes around

The Independent UK

New Burberry boss announced as sales continue to fall for Britain’s global fashion brand

Jonathan Akeroyd will be replaced as chief executive by former Michael Kors boss Joshua Schulman

The Independent UK

Can iconic coat maker Burberry ever recover from CEO departures, a stodgy turnaround plan, and a 64% share decline in a year?

Burberry has had to navigate the twin challenges of a massive turnaround plan coupled with luxury market downturn.

Fortune

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Burberry Appoints Joshua Schulman As New CEO Amid Challenges

Burberry appoints Joshua Schulman as new CEO amidst operating loss warning and share decline.

Top News

Burberry appoints a new CEO as the fashion house warns it expects a first-half operating loss

British luxury fashion house Burberry has appointed Joshua Schulman as its new chief executive officer

The Independent UK

Burberry boss Akeroyd checks out of fashion giant after profit warning

Former Jimmy Choo chief Joshua Schulman takes the top job at London’s world-famous fashion house

Evening Standard

Burberry replaces chief executive as it issues fresh profit warning

Former Coach boss Joshua Schulman to take control as Jonathan Akeroyd departs with immediate effect

The Guardian - UK

Wall Street stocks rise after Donald Trump assassination attempt – as it happened

Live, rolling coverage of business economics and financial markets as share price of Trump Media & Technology Group and cryptocurrency price rise as traders position for Trump election victory

The Guardian - UK

Luxury trench coat maker Burberry is buttoning up for gloomy earnings report after Christmas washout

“Unlike your average fashion retailer, it is simply not the Burberry way to slash prices and hope bargains lure in shoppers,” AJ Bell's Russ Mould said.

Fortune

Burberry joins LVMH and Gucci in the luxury slump as brand says it may miss its revenue target for the year

Burberry's half-year sales inched up just a little, pointing to a luxury downturn that its rivals like LVMH and Kering have been experiencing.

Fortune

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The Guardian - UK

Burberry boss says Brexit VAT changes put UK at ‘competitive disadvantage’

Jonathan Akeroyd says axing of tax break for tourists is damaging sales in retailer’s home market

Evening Standard

Burberry boosts sales outside of mainland China, with Lola bags in demand

Burberry’s CEO says double-digit revenue growth outside of Mainland China offset the impact of Covid-19-related disruption there

The Guardian - UK

Burberry shoppers snap up goods in Paris and Milan, not London

Brand says decision to stop tourists reclaiming VAT has hurt UK reputation as luxury shopping destination

The Guardian - UK

Burberry designer Riccardo Tisci to step down ending five years of Italian control

Departure comes year after CEO Marco Gobbetti left, with Daniel Lee taking over creative head role

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Asharq Al-Awsat

Designer Daniel Lee Replaces Riccardo Tisci at Burberry

Burberry Group has appointed Daniel Lee as its new chief creative officer, replacing Riccardo Tisci, who is stepping down after presenting his final runway show for the British luxury brand on Monday. Lee was creative director at Italy's Bottega Veneta from 2018 to 2021, and has previously worked at Celine,…

Evening Standard

Burberry COO Brown departs fashion house

Hunt is on for successor at brand favoured by stars including Emma Watson and Billie Eilish

The Guardian - UK

Who pays the ‘real living wage’ in Britain – and who does not?

More than 10,000 companies pay £9.90 an hour in the UK and £11.05 in London – Burberry and Ikea among them

Asharq Al-Awsat

Burberry Pins its Outlook to China's COVID Recovery

British luxury brand Burberry said its outlook for the year ahead depended on how quickly China, its biggest market, recovered from COVID-19 lockdowns, after meeting expectations for sales and operating profit for its 2022 financial year. The company reported a 23% rise in revenue to 2.83 billion pounds ($3.52 billion)…

Benzinga

Capri Holdings Appoints Emmanuel Gintzburger As Versace CEO

Capri Holdings Ltd (NYSE:CPRI) has appointed Emmanuel Gintzburger as Chief Executive Officer (CEO) of Versace, effective September 12, 2022. Gintzburger will report to John D. Idol, Chairman, and CEO of Capri Holdings. Gintzburger joins Versace from Alexander McQueen, where he served as CEO since May 2016. Late last year, Capri Holdings selected Cedric Wilmotte as…

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