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"It appears that Bravo will remain quite a hands-on vice chairman, focusing on the more creative, front-end areas, and ceasing the more administrative parts of her current role," said Mardones.
Burberry shares closed at 4.12 pounds, or $7.21, on Tuesday, up 0.3 percent from the previous day's close of 4.11 pounds, or $7.19.
— With contributions from Marc Karimzadeh and Julee Greenberg, New York