Burberry Names Joshua Schulman as New CEO and Foresees First-Half Operating Loss

Monday, 15 July 2024, 11:06
Luxury fashion brand Burberry has announced the appointment of Joshua Schulman, former top executive at Michael Kors and Coach, as its new CEO. Despite this strategic move, the company anticipates experiencing an operating loss in the first half, signaling a challenging period ahead. The leadership change aims to steer Burberry through turbulent times and drive future growth despite short-term setbacks. Market watchers are keen to see how Schulman's expertise will impact Burberry's performance amidst industry headwinds.
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Burberry Names Joshua Schulman as New CEO and Foresees First-Half Operating Loss

Burberry Appoints Joshua Schulman as CEO

Luxury fashion brand Burberry has selected Joshua Schulman, ex-Michael Kors and Coach, as its new Chief Executive Officer, effective immediately. The move comes as Burberry prepares for a transition in leadership amid turbulent market conditions.

Operating Loss Predicted for First Half

Burberry braces for a challenging period, projecting an operating loss in the first half. The fashion house's strategic decision to appoint Schulman reflects its commitment to navigating through tough times and setting a course for future growth.

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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