News English — Luxury

(Image source: Burberry Plc) The British luxury brand has seen its fortunes reverse since Angela Ahrendts left the company to join Apple. Burberry plans to cut costs by £100m (approx $150m) by 2019. However, since the appointment of Christopher Bailey to the dual role of Chief Executive Officer and Chief Creative Officer the company has not only dropped revenues but has also seen significant cost control measures introduced. Mr Bailey is rapidly losing faith among investors, but has backing from the board, and an additional leader is being sought to work in tandem with Christopher as his duties are thought...

(Image source: Kathryn Sargent) Founded by Kathryn Sargent in 2012 the company bearing her name has been located in London's prestigious Mayfair on 6 Brook Street. She worked for 15 years with Gieves & Hawkes of No.1 Savile Row, rising to the position of Head Cutter - the first woman to do so in the entire history of Savile Row. Today she travels the world creating expertly-crafted pieces for ladies and gentlemen with only the most discerning of tastes. (Image source: Kathryn Sargent) This spring Kathryn Sargent returns home to Savile Row to take up residence on the street that...

According to media reports the dual role taken on by Christopher Bailey in May 2014 is no longer working out. Bailey who was Creative Director under Angela Ahrendts, also took on her role as CEO when she left to join Apple. Filling both these roles was never going to be easy. Burberry's shares have fallen by 21% in value since Bailey took over which would be enough to get sidelined in other companies. However, as Bailey was recommended to the dual role by the company's long serving Chairman, Sir John Peace , it is unlikely that he will be ousted....