UK fashion group Burberry has appointed a new boss as it looks to halt a slump in sales.
The company said Joshua Schulman, the former boss of US brand Michael Kors, will take over as chief executive.
Mr Schulman replaces Jonathan Akeroyd, who is leaving Burberry “with immediate effect by mutual agreement with the board”, the company said.
His departure came as Burberry reported a sharp fall in sales and warned that if current trends continue its profits will be below expectations.
It also said it was suspending dividend payments for the current financial year.
