The Business Times

Burberry

Consumer & Healthcare

Burberry to cut 1,700 jobs in turnaround bid

Burberry reported a loss for the first half of its financial year and announced a £40 million (S$68.2 million) cost savings programme.
Consumer & Healthcare

Loss-making Burberry puts focus back on outerwear in turnaround plan

Burberry has been in turnaround mode for sometime, and under a number of different bosses.
Consumer & Healthcare

Burberry axes CEO and dividend, warns on profit

FILE PHOTO: A person walks past a Burberry store undergoing refurbishment on New Bond Street in London, Britain, March 11, 2023. REUTERS/Henry Nicholls/File Photo
Consumer & Healthcare

Burberry's profit slumps 34% as luxury demand slows

Many are keeping their long-term bets on a sector that is known for its ability to generate superior growth due to pricing power that typically beats inflation and protects profit margins.
Global Enterprise

Luxury’s rebound is proving elusive as China gloom adds to warnings

Burberry now expects full-year 2023/24 adjusted operating profit in a range between £410 million and £460 million.
Consumer & Healthcare

Burberry warns on profit again as luxury demand ebbs

FILE PHOTO: A model presents a creation at the Burberry catwalk show during London Fashion Week in London, Britain, February 20, 2023. REUTERS/Henry Nicholls/File Photo
Companies & Markets

Burberry hit by slowdown in luxury spending

Sales in mainland China are up 46 per cent, while sales in Europe have risen 17 per cent, the FTSE 100 company said.
Companies & Markets

Burberry sales rise 18% as China rebounds for luxury brand

Tesco had announced in May that its chairman John Allan (above) would leave after media allegations over his conduct towards women. He has said that he "vehemently" denies the claims
Companies & Markets

Troubled retailer Tesco picks Burberry boss as chair

China has been a main driver of an explosion in demand for Swiss watches, jewellery and accessories in recent years.
Companies & Markets

Luxury eyes focused on China after Richemont’s Q3 sales miss

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