Burberry fires CEO, names ex-Coach boss as replacement during luxe sector slowdown
![Burberry fires CEO, names ex-Coach boss as replacement during luxe sector slowdown](https://nypost.com/wp-content%2Fuploads%2Fsites%2F2%2F2024%2F07%2Fjoshua-schulman-seen-michael-kors-85498757_bac6ba.jpg?quality%3D90%26strip%3Dall)
Burberry also warned on profit and scrapped its dividend, sending its shares to their lowest in more than a decade.
Burberry also warned on profit and scrapped its dividend, sending its shares to their lowest in more than a decade.