Burberry

British luxury fashion brand Burberry has announced plans to cut nearly one-fifth of its global workforce by 2027, as part of a broader effort to reduce costs and steer the company back to profitability. The company disclosed the move on Wednesday, revealing that approximately 1,700 jobs are at risk. The announcement accompanied its financial results…

British luxury brand Burberry has announced the immediate departure of its CEO, Jonathan Akeroyd, following another challenging quarter with a sales drop of over 20%. Akeroyd, who held the position for two years, will be succeeded by Joshua Schulman, a seasoned executive with previous CEO roles at Coach and Michael Kors. The decision comes as…