Burberry PLC CEO Replacement and Profit Warning: Key Updates
Monday, 15 July 2024, 07:45
Burberry PLC Changes Leadership
In a surprising development, Burberry PLC has announced a change in its chief executive, with Joshua Schulman taking the helm. The departure of the previous CEO comes amid a challenging financial outlook for the company.
Profit Warnings and Dividend Cuts
Concerningly, Burberry PLC has issued a profit warning, signaling potential difficulties ahead. Additionally, the decision to scrap dividend payments for the year reflects the extent of the challenges facing the luxury group.
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