Burberry replaces chief executive as it issues fresh profit warning

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

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Burberry has ousted its chief executive as the luxury British brand warned on profits and said it wanted to “reconnect” with its core customers.

In an unscheduled trading update on Monday, Burberry said Jonathan Akeroyd was leaving the company “with immediate effect” and “by mutual agreement with the board”. It comes less than three years after the former Versace boss was appointed in 2021.

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