Burberry CEO resigns, ends dual-role experiment
London
BURBERRY'S chief executive is resigning from that post, ending an experiment in which the British luxury house became the first publicly listed fashion company to allow one person to hold the roles of chief executive and creative director at once.
The company announced the change for the executive, Christopher Bailey, on Monday. He accepted a 75 per cent pay cut less than month ago, after a slowdown in sales, a fall in profit and a flurry of executive departures from the company. He will stay at Burberry in the new dual role of president and chief creative officer, and focus on products.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Lifestyle
Former Zouk morphs into mod-Asian Jiak Kim House, serving laksa pasta and mushroom bak kut teh
Massimo Bottura lends star power to pizza and pasta at Torno Subito
Victor Liong pairs Aussie and Asian food with mixed results at Artyzen’s Quenino restaurant
If Jay Chou likes Ju Xing’s zi char, you might too
Mod-Sin cooking izakaya style at Focal
What the fish? Diving for flavour at Fysh – Aussie chef Josh Niland’s Singapore debut