Apple's New Retail Chief Will Start Next Week

Angela Ahrendts, the former CEO of Burberry, will take over as Apple's new SVP of retail next week, the company announced during an earnings call on Wednesday.

Apple first announced hiring Ahrendts to fill the role more than seven months ago. At the time, the company said she would join in the spring of 2014, though recent reports raised questions about whether her exit would be delayed to collect an additional bonus from Burberry.

Ahrendts is credited with reviving Burberry's brand and rethinking the shopping experience online and offline, making the latter more technologically advanced as well Read more...