Business |Opinion

Why Burberry is replacing its CEO

Burberry has a new CEO and is making swift changes at the top after a lackluster performance in the first half of 2024. When it was reported last week that Burberry had a strategy problem, little was known that just a few days later chief executive Jonathan Akeroyd would be ousted from the British heritage brand. Since Mr Akeroyd's appointment,...

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Business

Mango aims to cross 4 billion euros in revenue by 2026

Leading European fashion brand Mango closed the first six months of the year with the highest revenue in its 40-year history to 1.6 billion euros, representing a 6.3 percent increase over the same period last year. As part of its 4E Plan announced last March, Mango, which celebrates its 40th anniversary in 2024, aims to exceed revenue of four...

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Business

Forever chemicals on the EU agenda: Key insights for the fashion industry on upcoming PFAS restrictions

Brussels - According to a 2024 study by Dr. Harrad, professor of environmental chemistry at University of Birmingham, PFAS can enter the skin’s fluids (like sweat and oils) by environmental media transmission (such as indoor dust), where they can then be absorbed via the skin and enter the bloodstream. With its upcoming legislative initiatives,...

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Business

Burberry ropes in Joshua Schulman as CEO after disappointing Q1

Luxury conglomerate Burberry reported first quarter retail revenues of 458 million pounds, down 22 percent at reported rates and 20 percent CER. The company also separately announced the appointment of Joshua Schulman as new chief executive officer and executive director, replacing Jonathan Akeroyd who is stepping down and leaving the company...

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