Burberry Appoints Joshua Schulman as New CEO Amid Declining Retail Sales

Monday, 15 July 2024, 07:06

Burberry recently announced the appointment of Joshua Schulman as the new Chief Executive Officer, taking over from Jonathan Akeroyd. The luxury brand faced a 22% decline in retail sales during the first quarter, leading to Akeroyd's departure. Schulman, an American national and former CEO of US fashion brands, steps into this role at a crucial time for Burberry.

Theretailbulletin — Burberry Appoints Joshua Schulman as New CEO Amid Declining Retail Sales

Burberry Appoints New Chief Executive Officer

Burberry, a renowned luxury brand, has named Joshua Schulman as its new CEO, succeeding Jonathan Akeroyd.

Challenges Faced by Burberry

Retail Sales Decline: The brand experienced a significant 22% drop in retail sales during the first quarter.

The departure of Akeroyd and the appointment of Schulman mark a pivotal moment for Burberry.

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