Burberry fires CEO, names ex-Coach boss as replacement during luxe sector slowdown

The company also warned on profit and scrapped its dividend, sending shares to their lowest in more than a decade. The business has been in a protracted turnaround. Known for dressing the English upper class in its classic camel, red and black check print, Burberry said its new offer would be "more familiar" to its core customers. 4 Former CEO Jonathan Akeroyd, who has been in the job for two years. Dave Benett/Getty Images for Burberry Subscribe to our daily Business Report newsletter! By clicking above yo ...