Burberry appoints Joshua Schulman as CEO, replacing Jonathan Akeroyd, after Q1 sales decline.

Burberry has appointed Joshua Schulman as its new CEO, replacing Jonathan Akeroyd, following the company's disappointing Q1 sales. Schulman, with a track record of driving growth in luxury brands, previously served as CEO of Michael Kors and Coach. Burberry's chair, Gerry Murphy, has praised Schulman's experience in luxury and fashion and expressed confidence in his ability to realise the brand's full potential.