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Burberry replaces chief executive as it issues fresh profit warning


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

Business live – latest updates

Burberry has warned again on profits and ousted its chief executive, as the struggling British luxury fashion brand announced a change of direction to “reconnect” with core customers.

In an unscheduled trading update on Monday, Burberry said Jonathan Akeroyd was leaving the company “with immediate effect” and “by mutual agreement with the board”. It comes less than three years after the former Versace boss was appointed in 2021.

Continue reading…Former Coach boss Joshua Schulman to take control as Jonathan Akeroyd departs with immediate effectBusiness live – latest updatesBurberry has warned again on profits and ousted its chief executive, as the struggling British luxury fashion brand announced a change of direction to “reconnect” with core customers.In an unscheduled trading update on Monday, Burberry said Jonathan Akeroyd was leaving the company “with immediate effect” and “by mutual agreement with the board”. It comes less than three years after the former Versace boss was appointed in 2021. Continue reading…