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| Burberry chief Angela Ahrendts to join Apple | Burberry chief Angela Ahrendts to join Apple |
| (35 minutes later) | |
| Burberry chief executive Angela Ahrendts will leave the luxury goods firm next year to join technology giant Apple. | Burberry chief executive Angela Ahrendts will leave the luxury goods firm next year to join technology giant Apple. |
| At Apple she will become senior vice president for retail and online stores. | |
| Ms Ahrendts has been with Burberry for almost a decade, and has been credited with turning it into a globally recognised firm. | |
| She will be replaced by chief creative officer Christopher Bailey, who has been in the role for six years. | She will be replaced by chief creative officer Christopher Bailey, who has been in the role for six years. |
| In her new role, Ms Ahrendts is expected to report directly to Apple chief executive Tim Cook. | |
| 'Moved and humbled' | |
| Ms Ahrendts said it was "an honour" to have worked at Burberry. | Ms Ahrendts said it was "an honour" to have worked at Burberry. |
| "Burberry is in brilliant shape. I am confident that Christopher, as one of this generation's greatest visionaries, will continue to lead Burberry to new heights," Ms Ahrendts added. | "Burberry is in brilliant shape. I am confident that Christopher, as one of this generation's greatest visionaries, will continue to lead Burberry to new heights," Ms Ahrendts added. |
| Christopher Bailey said he was "moved and humbled" to take on the chief executive role. He will also retain his existing chief creative officer role. | Christopher Bailey said he was "moved and humbled" to take on the chief executive role. He will also retain his existing chief creative officer role. |
| "We have a clear strategy to build on, an increasingly powerful brand and an inspiring management team," he added. | "We have a clear strategy to build on, an increasingly powerful brand and an inspiring management team," he added. |
| Ms Ahrendts and Mr Bailey will work together over the coming months to try to ensure a smooth transition, the firm said. | |
| Burberry chairman Sir John Peace described Ms Ahrendts' departure as "a natural progression". | |
| "I have no doubt that Christopher's vision and leadership, with the excellent management team in place, will keep Burberry on the forefront creatively, digitally and financially," he added. | "I have no doubt that Christopher's vision and leadership, with the excellent management team in place, will keep Burberry on the forefront creatively, digitally and financially," he added. |
| Burberry results | |
| Ms Ahrendts departure was announced, as Burberry revealed 17% growth in underlying retail sales in the six months to the end of September. | |
| Retail sales from stores open at least a year grew by 13%, helped by double digit growth in Asia Pacific and the Europe, Middle East, India and Africa division and high single-digit growth in the Americas. | |
| Total revenue rose 14% to £1.03bn. | |
| The British fashion brand is one of the UK's most successful luxury exports. | The British fashion brand is one of the UK's most successful luxury exports. |