Burberry CEO To Leave For Job At Apple
STEVE INSKEEP, HOST:
NPR's business news starts with a fashionable departure.
(SOUNDBITE OF MUSIC)
INSKEEP: The chief executive of Burberry is leaving the historic British fashion house for a job at Apple. Angela Ahrendts will oversee the expansion of Apple retail and online stores. It's a newly created position for Ahrendts, who will report directly to Apple CEO Tim Cook. Since taking over Burberry in 2006, Ahrendts has nearly tripled revenue for the company - known for its distinctive tartan patterns.
Last year, the Indiana native was also the highest paid CEO in Britain.
NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR’s programming is the audio.