What Changes Will The UK Leave From The EU?

On Thursday, June 23rd, the United Kingdom will hold a "Brexit referendum". Once Britain is out of the EU, it will export to EU countries.

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The exchange rate and other issues are bound to affect the profits of most British businesses. For this reason, Burberry Group PLC (BRBY.L) Boboli group issued an internal letter to the staff to warn Britain of its possible impact on the company from the EU.

Burberry Group PLC Sir Bob Group Chairman Sir John Peace and chief executive Christopher Bailey said in the letter that the euro will cause unnecessary economic consequences, while the UK stays in the EU, and the company's business will become stronger and more prosperous.

They say that under the current situation, many companies and customers have postponed decision-making, investment, recruitment and travel. As a responsible enterprise, they certainly hope to protect their own businesses in the referendum.

Burberry Group PLC Boboli group's business is mainly concentrated in Asia Pacific and Europe.

At present, the Asia Pacific market has been basically discounted, and the voice of Christopher Bailey has been getting higher and higher. The industry generally believes that under the difficult environment and fierce competition, Christopher Bailey Bailey, who is also the chief creative officer, can not take care of the two position.

In the past month, Christopher Bailey's "incompetence" has been implicated in John Peace, because it was John Peace, which approved the appointment despite the industry rumors that Christopher Bailey had used the threat of resignation to get the position of CEO.

The group announced 10 days ago that its chief operating officer, John Smith, will step down. John Smith will formally leave office next summer and withdraw from the board.

The industry generally believes that John Smith has unfortunately become a scapegoat for Christopher Bailey. If the performance of the UK brand can not be improved, Christopher Bailey will leave the company with John Smith next year.