Retail in Asia

In People

Burberry set to hire senior executive to help under-pressure CEO Christopher Bailey

Burberry is understood to be considering hiring a senior executive to work with under-pressure boss Christopher Bailey to appease investor concern about the company’s flagging sales.

The luxury goods group could hire a manager to support Bailey, who took on the dual role of chief executive and chief creative officer in May 2014, according to the Financial Times.

Chairman Sir John Peace has also been under pressure since it emerged that Bailey had received a multi-million-pound pay package to stop him leaving before 2014.

(Source: Daily Mail UK)