The British luxury group Burberry announced this Monday the replacement of its managing director Jonathan Akeroyd, after the publication of new “disappointing performances” from a group which has suffered for months from the slowdown in demand for high-end products.

Jonathan Akeroyd, a 57-year-old Briton who arrived just over two years earlier, “resigns and leaves the company with immediate effect by mutual agreement with the Board of Directors,” Burberry announced in a press release.

He will be replaced on Wednesday by Joshua Schulman, a 52-year-old American, former boss of the American brands Michael Kors and Coach or the luxury department store Bergdorf Goodman, but also of Jimmy Choo in London, also passed during his career by Yves Saint Laurent and Gucci.