Advertise with fastmoving.co.za
 
 

Murphy will begin his new role on May 17 and will succeed current chairman Sir John Peace at the company’s annual shareholder meeting on July 12.
Murphy will begin his new role on May 17 and will succeed current chairman Sir John Peace at the company’s annual shareholder meeting on July 12.

Burberry appoints new chairman

INTERNATIONAL NEWS

By Ava Szajna-Hopgood - Apr 16th, 14:56

More change at the top for Burberry as Gerry Murphy is appointed chairman designate.
 

Murphy will begin his new role on May 17 and will succeed current chairman Sir John Peace at the company’s annual shareholder meeting on July 12.

“In Gerry Murphy, we have found a superb candidate with extensive experience in the consumer and retail industries,” Peace said.

“I am confident he is the right choice to lead the board as Burberry embarks on a new chapter.”

Murphy has served as non-executive director of British American Tobacco, Merlin Entertainments, and Reckitt Benckiser, and is the current chairman of Tate and Lyle and of the Blackstone Group International Partners.

Jeremy Darroch, Burberry’s senior independent director said, “We are delighted to welcome Gerry to the board. His substantial UK plc and global business experience will be a great asset to Burberry as we continue to focus on delivering long-term shareholder value.”

“On behalf of the board, I would like to thank Sir John for his immense contribution to Burberry over the past 16 years. Sir John has presided over a period of extraordinary change, during which Burberry has enjoyed strong growth and evolved into one of the most valuable luxury brands in the world.”

The appointment comes just six weeks after the British fashion house appointed Marco Gobbetti as its new chief executive, alongside Riccado Tisci as chief creative officer.
Retail Gazette 

Related News

SA consumer spend shows moderate uptick ahead of festive season
18/12/2018 - 13:58
Consumers are ringing in the holiday season with a solid start to retail sales, according to Mastercard SpendingPulse™, which looks at overall retail spending trends across all payment types.

Affiliate marketing in numbers: What is it?
18/12/2018 - 11:37
Affiliate marketing is a great way to connect with other companies and brands to establish a mutually beneficial relationship. It's a great way to monetize your website and earn a few extra bucks easily. Affiliate marketing uses website traffic from one website to generate clicks and sales for the affiliate brand. The site who posts the affiliate link will then get a percentage of the income generated from those clicks and sales.

What FMCG companies can learn from the online trading industry
18/12/2018 - 08:09
Fast-Moving Consumer Goods (FMCG) are, by their very nature, products that are designed to be sold quickly at a relatively low cost. Unlike luxury items that often need to sit on the shelf for an extended period of time in order to build up some exclusivity, FMCG products need to be sold as quickly as they’re advertised. With speed being the key ingredient in the FMCG industry, any weak links in the chain can harm a manufacturer's bottom-line.

Edcon chief confirms recapitalisation drive
17/12/2018 - 19:22
South African retailer Edcon confirmed that it is in discussions with stakeholders, including landlords and suppliers, regarding the group’s continued recapitalisation programme.

Iceland opens world’s first supermarket ice rink
14/12/2018 - 14:05
Iceland has introduced a new concept for Christmas – shopping on ice!