Burberry Group Plc named Christopher Bailey as chief executive officer to succeed Angela Ahrendts, tasking a designer with no board level experience to navigate the U.K.’s largest luxury company through a slowing industry.
Lamborghini’s development maestro, Maurizio Reggiani, resigned himself to weeks of sleeping on the shop floor after parent Volkswagen AG pulled the planned debut of his SUV in favor of one from corporate cousin Bentley.
Burberry Group Plc said Chief Financial Officer Stacey Cartwright is leaving after nine years in the job, ruffling investors at a time when the company has to contend with slowing growth in luxury-goods sales.
The Channel Tunnel rail link between Britain and France was built on the promise that it would render sea trade on the route redundant. Fifteen years on and operator Groupe Eurotunnel SA is revising its cargo strategy for a second time as volumes languish two-thirds below their 1998 peak.
Barclays Plc, the U.K. bank fined a record amount for rigging global interest rates, is languishing at a cheaper valuation than 93 percent of its global competitors, fueling a debate about breaking up Britain’s second-biggest lender.