×
6 336
Fashion Jobs
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Full Time Stock Lead Associate, Regent Street
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - Marks & Spencer - 11hrs
Permanent · Aberdeen
HOMESENSE
Loss Prevention Officer - Full Time tk Maxx & Homesense Maidstone
Permanent · Maidstone
WAITROSE
Customer Delivery Driver- Coulsdon Customer Fulfilment Centre
Permanent · LONDON
JOHN LEWIS
Loss Prevention Partner
Permanent · LONDON
HOLLISTER CO. STORES
Hollister CO. - Brand Representative, Braehead
Permanent · Renfrew
LEVI'S
Digital Marketing Manager
Permanent · London
DR. MARTENS
Employee Relations Manager UK & eu
Permanent · LONDON
NEXT
Stock Coordinator - Lincoln Valentine Retail Park
Permanent ·
HARVEY NICHOLS
Facilities Manager
Permanent · LEEDS
FRASERS GROUP
Performance Marketing Manager
Permanent · STRETFORD
RAINS
Category Sales Manager, Bags And Accessories, UK
Permanent · LONDON
PRIMARK
Retail Construction Project Manager
Permanent · READING
ASOS
Finance Manager
Permanent · LONDON
L'OREAL GROUP
Lancôme, Deputy Business Manager, 1.0, Peter Jones London
Permanent · London
L'OREAL GROUP
Kiehl's Solo Account Manager, 1.0, Tunbridge Wells
Permanent · Royal Tunbridge Wells
NEXT
Sales Manager - Nottingham Giltbrook
Permanent · NOTTINGHAM
NEXT
Delivery Coordinator - Icon o2 Clearance
Permanent · LONDON
NEXT
Delivery Manager - Glasgow
Permanent · GLASGOW
NEXT
Delivery Coordinator - Newry Quays
Permanent · NEWRY
NEXT
Van Driver - Manchester Trafford
Permanent · MANCHESTER
ESTÉE LAUDER
Tom Ford - Assistant Business Manager - Harrods - 37,5hrs
Permanent · London
Ads
By
Reuters API
Published
Sep 23, 2022
Reading time
2 minutes
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 2023 All rights reserved.