Luxury brand Burberry has announced that chief executive, Jonathan Akeryod, has left the company. It made the announcement in parallel with releasing disappointing results for the first quarter of 2024.

It has appointed Joshua Schulman as its new chief executive. To take up the new role, Mr Schulman will relocate to London from New York. His tenure at Burberry will begin on July 17.

Joshua Schulman was chief executive of Michael Kors between 2021 and 2022. Before that, he led Coach. He has worked in London before; he was chief executive of Jimmy Choo from 2007 until 2012.

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