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Burberry CEO To Leave For Job At Apple

STEVE INSKEEP, HOST:

NPR's business news starts with a fashionable departure.

(SOUNDBITE OF MUSIC)

INSKEEP: The chief executive of Burberry is leaving the historic British fashion house for a job at Apple. Angela Ahrendts will oversee the expansion of Apple retail and online stores. It's a newly created position for Ahrendts, who will report directly to Apple CEO Tim Cook. Since taking over Burberry in 2006, Ahrendts has nearly tripled revenue for the company - known for its distinctive tartan patterns.

Last year, the Indiana native was also the highest paid CEO in Britain. Transcript provided by NPR, Copyright NPR.