Angela Ahrendts Leaves Burberry to Head Apple's Retail Operations

Burberry Group's long-standing chief executive, Angela Ahrendts, is moving from Bond Street to Silicon Valley following the announcement that she's to leave the luxury fashion group for a new post at Apple. Burberry said that Ahrendts would step down by mid-2014, after which time Chief Creative Officer Christopher Bailey would be appointed to the dual role. He will also be joining the board in due course, the company said. Apple announced Tuesday that Ahrendts will take on the new post of senior vice president of retail and online stores, reporting to the high-tech company's CEO, Tim Cook.