For Some Luxury Brands, Selling Up May Be as Important as Selling

It is becoming harder to succeed as an independent luxury brand. Ideally, Burberry talented new designer and the weak pound can tempt an overseas buyer.

The British luxury brand hired a fresh creative director this week. Daniel Lee, who left the Kering-owned fashion label Bottega Veneta in November, starts Monday. The London-based brand also has a new chief executive, Jonathan Akeroyd, and is looking for a chief financial officer.