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The Latest Breaking News from Joshua Schulman

Realism arrives at Burberry after fashion (and share buyback) mistakes

After stunning collapse in profits, chief executive aims to ‘course correct’ and ‘celebrate heritage’

The Guardian - UK

Burberry shares soar as new CEO Josh Schulman admits 'lack of focus on outerwear,' vowing to turn losses around

Burberry also plans to slash costs by millions and has set a lofty new revenue target under CEO Josh Schulman.

Fortune

Burberry Launches Turnaround Plan As Posts Loss

Troubled British fashion house Burberry on Thursday announced cost-cutting plans after posting a loss, with the global luxury sector pressured by weak Chinese demand.

International Business Times

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Burberry’s turnaround chief plans £40m cuts and ‘scarf bar’ rollout

Shares in fashion brand jump as ‘urgent’ cost-cutting programme announced following half-year losses

The Guardian - UK

Burberry launches 'urgent' turnaround plan on sales slump and fall into the red

First half sales tumbled by 22% to £1.09 billion, down from just under £1.4 billion last year

Evening Standard

Burberry launches turnaround as sales continue to slump

The luxury fashion house is planning £40 million in savings, promising to focus on its ‘core’ products and customers in future.

The Independent UK

Burberry sales expected to fall again amid luxury market slowdown

The fashion giant recently dropped out of the FTSE 100 but it has attracted takeover interest, according to reports.

Evening Standard

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Burberry fashion show at National Theatre closes London Fashion Week

Daniel Lee presented his fifth collection to a room full of stars, while Paolo Carzana made magic in East London

Evening Standard

Burberry ditches avant garde for accessible fashion after investors check out

London fashion week’s biggest name hints at change of direction after struggling to win over high-end shoppers

The Guardian - UK

Can Burberry fix its tattered image after chequered patch?

The fashion brand is set to leave the FTSE 100 after a rapid fall in value and status, but some think it can rise again

The Guardian - UK

It’s one of Britain’s most iconic fashion brands – but can Burberry weather this storm?

As Burberry faces turmoil, Katie Rosseinsky looks back at the British brand’s chequered history and asks how it can turn its fortunes around

The Independent UK

New Burberry boss announced as sales continue to fall for Britain’s global fashion brand

Jonathan Akeroyd will be replaced as chief executive by former Michael Kors boss Joshua Schulman

The Independent UK

Can iconic coat maker Burberry ever recover from CEO departures, a stodgy turnaround plan, and a 64% share decline in a year?

Burberry has had to navigate the twin challenges of a massive turnaround plan coupled with luxury market downturn.

Fortune

Burberry Appoints Joshua Schulman As New CEO Amid Challenges

Burberry appoints Joshua Schulman as new CEO amidst operating loss warning and share decline.

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The Independent UK

Burberry appoints a new CEO as the fashion house warns it expects a first-half operating loss

British luxury fashion house Burberry has appointed Joshua Schulman as its new chief executive officer

Evening Standard

Burberry boss Akeroyd checks out of fashion giant after profit warning

Former Jimmy Choo chief Joshua Schulman takes the top job at London’s world-famous fashion house

The Guardian - UK

Burberry replaces chief executive as it issues fresh profit warning

Former Coach boss Joshua Schulman to take control as Jonathan Akeroyd departs with immediate effect

Benzinga

Capri Holdings Appoints Emmanuel Gintzburger As Versace CEO

Capri Holdings Ltd (NYSE:CPRI) has appointed Emmanuel Gintzburger as Chief Executive Officer (CEO) of Versace, effective September 12, 2022. Gintzburger will report to John D. Idol, Chairman, and CEO of Capri Holdings. Gintzburger joins Versace from Alexander McQueen, where he served as CEO since May 2016. Late last year, Capri Holdings selected Cedric Wilmotte as…

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Benzinga

Michael Kors Parent's CEO Candidate Joshua Schulman To leave Company

Capri Holdings Ltd (NYSE: CPRI) stated that Joshua Schulman, CEO of Michael Kors, will leave the company. The company did not disclose any reasons for the exit. The company said John D. Idol will remain as the company's Chairman and CEO.

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