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Burberry’s new hire raises expectations and its stock

Burberry’s share price was bolstered on the announcement British designer Daniel Lee was appointed its new creative director. Shares rose 4.4 percent by midday trading on Wednesday. Mr Lee, who steps into the role next Monday, will have the task of rejuvenating the heritage and quintessential Britishness that was sideswept under the tenure of...

29 Sept 2022