When the pandemic hit, some of our restaurants adapted better... Bastille had maybe run its course. The idea of shutting down and changing the concept during that time was easier than it would have been previously.
Burberry's full year results revealed a 12% drop in like-for-like sales with an operating profit down 94%, highlighting extensive challenges as the luxury sector struggles.
Doug Ostermann, the Jeep maker's CFO, mentioned, "Most of the disagreements related to tactical issues on how to run the business over that kind of short-term time period and what actions should be taken in regard to short-term metrics versus longer-term benefit of the company." This highlights the contrasting visions of Tavares and the board, indicating how tactical approaches can divert focus from overarching goals.