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Burberry shares tank as CEO ousted, profit warning issued, divi axed

By Frank Prenesti

Date: Monday 15 Jul 2024

(Sharecast News) - Shares in luxury goods maker Burberry on Monday slumped by double-digits as the company ousted its chief executive, suspended dividend payments and issued a profits warning after weak global demand battered first-quarter sales.


Former Michael Kors boss Joshua Schulman was named as new CEO, replacing...

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