Burberry Group Plc Chief Executive Officer Christopher Bailey Speaks At Cannes Lions Festival Of Creativity [Getty Images]

Christopher Bailey, chief executive officer of Burberry Group Plc, speaks during the Cannes Festival of Creativity in Cannes, France, on Tuesday, June 21, 2016. Burberry's operations chief John Smith is stepping down, depriving Bailey of a key lieutenant at a time when he's already filling two of the companys most important positions. Photographer: Christophe Morin/Bloomberg via Getty Images

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