Burberry axes CEO and dividend, warns on profit
==========
British luxury group Burberry has named Joshua Schulman as its new CEO and warned on profit, leading to the departure of current CEO Jonathan Akeroyd. Burberry's underlying sales declined 21% in the 13 weeks to June 29, prompting the company to refocus on its classic check print. If current trends continue, Burberry's full-year operating profit will be below consensus.
#Burberry #Ceo #Dividend #ProfitWarning #LuxurySector
https://www.investing.com/news/economy-news/burberry-axes-ceo-and-dividend-warns-on-profit-3518420
Oddbean new post about login | logout