European Shares Plummet as Burberry Signals Profit Warnings and CEO Replacement

Monday, 15 July 2024, 16:35
European shares saw a decline, with Burberry leading the losses as they issued profit warnings, eliminated dividends, and appointed a new CEO. Burberry's shares dropped 16.1% after the luxury group's warning on profit. This move came as former CEO Jonathan Akeroyd was replaced with Joshua Schulman due to challenging trading conditions.
Yahoo Finance
European Shares Plummet as Burberry Signals Profit Warnings and CEO Replacement

European Shares Decline

European shares experienced a downward trend

Burberry's Profit Warning

16.1% drop in Burberry's shares

CEO Transition

Jonathan Akeroyd replaced by Joshua Schulman

Challenging trading conditions led to Burberry's decisions

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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