×
1 730
Fashion Jobs
LULULEMON
Assistant Manager, Operations | Markville Shopping Centre
CDI · Markham
ZARA
Operations Manager, Zara Edmonton Southgate
CDI · EDMONTON
ZARA
Operations Manager, Zara West Edmonton
CDI · EDMONTON
ZARA
Operations Manager, Zara Oshawa
CDI · OSHAWA
ZARA
Visual Commercial, Zara Mapleview
CDI · ONTARIO
ZARA
Visual Commercial, Zara Upper Canada
CDI · NEWMARKET
ZARA
General Manager, Toronto
CDI · TORONTO
ZARA
Operations Manager, Rosemère
CDI · ROSEMÈRE
ZARA
Visual Commercial, Brossard
CDI · BROSSARD
ZARA
Visual Commercial, Place Ste-Foy
CDI · QUÉBEC
ZARA
Visual Commercial, Laval
CDI · LAVAL
ZARA
Visual Commercial, Rosemère
CDI · ROSEMÈRE
ZARA
Visual Commercial, Fairview Pointe-Claire
CDI · POINTE-CLAIRE
ZARA
Visual Commercial, Promenades Saint-Bruno
CDI · SAINT-BRUNO-DE-MONTARVILLE
TIFFANY & CO
Security & Loss Prevention Professional, Full Time Holt Renfrew
CDI · Vancouver
NORDSTROM
Assistant Manager - Asset Protection - Yorkdale
CDI · Toronto
LULULEMON
Assistant Manager, Operations | Toronto Eaton Centre (12-Month Contract)
CDI · Toronto
TIFFANY & CO
Security & Loss Prevention Professional, Full Time Ritz
CDI · Montreal
TIFFANY & CO
Security And Loss Prevention Professional - Full Time Sherway Gardens
CDI · Toronto
ESTEE LAUDER
Manager, Strategy And Analytics - Hybrid - Toronto, Ontario, Canada
CDI · Toronto
NORDSTROM
Asset Protection - Security Ambassador - One Bloor Rack
CDI · Toronto
NORDSTROM
Asset Protection - Agent - One Bloor Rack
CDI · Toronto
By
Reuters API
Published
Sep 23, 2022
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Burberry CFO plans to step down

By
Reuters API
Published
Sep 23, 2022

Burberry finance chief Julie Brown will step down in April after more than five years in the role, the latest change of guard at the British luxury brand as it struggles to keep up with rivals.


Burberry - Reuters


The 60-year-old British national, who joined the company in 2017 from medical products maker Smith & Nephew, will also leave her role as chief operating officer and will take up an opportunity in a different industry, Burberry said on Friday.

Brown's departure comes after former CEO Marco Gobbetti, the mastermind of a multi-year plan to reposition Burberry, jumped ship earlier this year after around five years in the role, and new boss Jonathan Akeroyd faces the challenge of steering the brand's sales to pre-pandemic levels.

"(Brown) has played a key role in positioning Burberry for growth ... I look forward to building on the strong foundations we have in place to realise Burberry's full potential," Akeroyd said in a statement.

Known for its red, black and camel check and TB monogram and trenchcoats, London-listed Burberry said it was in the process of identifying a successor to Brown, who has also been on the Prime Minister's Business Council since February.

Burberry shares, which fell 9% over the last year, were down about 4% at 1,645 pence in morning trading amid broader market weakness. The blue-chip FTSE 100 index was down 1.6%.

Brown's successor would have to navigate several hurdles, including weak demand and rising costs.

Burberry was held back by lockdowns in its biggest market China and an abrupt reversal in fortunes in the Americas, limiting its first-quarter sales growth to just 1%.

It is also facing rising transportation, commodity and labour costs, but it has been managing them by focusing on procurement efficiencies.

Several consumer companies, from spirits group Diageo to Birkin bag maker Hermes have indicated they are making money from their most expensive products and expect to continue to do so, despite worries of a changing demographics and slowing growth in China and the United States.
 

© Thomson Reuters 2022 All rights reserved.