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Article: BURBERRY SHARES FALL ON BRAVO NEWS.(Rose Marie Bravo resigns from Burberry Group PLC)
- Article from:
- WWD
- Article date:
- October 7, 2005
- Author:
CopyrightCOPYRIGHT 2005 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Samantha Conti
LONDON -- When it finally comes, Rose Marie Bravo's goodbye to Burberry Group plc will be a difficult one.
Burberry shares fell 4.83 percent Thursday, closing at 4.04 pounds, or $7.19, down from the previous day's 4.24 pounds, or $7.55, on reports that Bravo, who engineered the company's turnaround, would step down as chief executive officer when her contract expires in July.
Although Burberry has still not confirmed the reports, and a company spokesman reiterated Thursday that Bravo's role would continue to "evolve" within the firm, financial analysts were already voicing their views.
"This is disappointing ...