Executive Moves
Burberry Replaces CEO and Rethinks High-End Luxury Strategy
Burberry Group Plc replaced its chief executive officer and issued a profit warning after a downturn in the luxury industry thwarted the British trench coat maker’s effort to challenge high-end labels such as Chanel and Louis Vuitton. Shares in the British company plunged nearly 17% after it announced Jonathan Akeroyd…
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